Overdrive Magazine | Trucking Business News & Owner Operator Info
Issue link: https://read.dmtmag.com/i/85450
BUSINESS Prices on used trucks are much higher than in recent years, especially relative to the age and mileage levels of trucks available on the market. Older inventory U The used truck market has been shaped by emissions standards and the recession, but lenders' purse strings are opening. By James Jaillet sed truck customers – including first-time buy- ers – will find qualifying for financing the easiest it's been since the recession, say analysts and lenders. They'll also find the trucks to be older and more expensive than they have been in recent years. A shortage of late-model trucks was brought on by a pre-buy in anticipation of new engine technology to meet 22 | Overdrive | October 2012 the 2007 emission standards and, shortly after, the onset of the recession. These factors have pushed up used prices, says Chris Visser, senior analyst product manager for the National Automobile Dealers Association. NADA analyzes data from dealers, manufacturers and other sources. In the past year, "the typical truck you'll see on a deal- er's lot will cost about $48,000 to $50,000," Visser says.