After picking up in late spring through early summer, both Fair Market Value (FMV) and Forced Liquidation Value (FLV) dipped in July, according to the latest Price Digests Commercial Truck Report. However, FLV is still sitting 1.7% higher than it was in July 2018
In other market highlights, the report notes:
- Average age increased on the resale channel by 5.2% as the volume increased 2.9% bringing older trucks to the channel.
- Despite the 10.1% drop in average age between June and July on the auction channel, the average usage increased 4.9%.
- The auction channel drop in volume from June to July of 57.3% was not unheard of, as July volume was still 11.6% higher than it was the year before.
The report forecasts FMV to continue a slow decline into the end of the year and the fourth quarter, while FLV should pick up again before the year closes.
The Price Digests Commercial Truck Report is a monthly analysis of key market performance indicators covering heavy and medium-duty commercial truck market insights for insurance, finance, fleet management, valuation, and property tax professionals.
An analysis of resale and auction commercial truck markets:
- FMV and FLV Trends
- Market Forecasting
- Top Brand Trends (Freightliner, Kenworth, Volvo and more)
- Market Volume
- Market Insights
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