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Used and Enthused * USA & Canada - Pre-owned trucks fueling rebound
Demand for used commercial vehicles has soared this summer -- as much as 60 percent over last year
Toronto,ONT,CAN -Today's Trucking -6 Sept 2010: -- Not wanting to sit on their hands as freight conditions improve -- but still apprehensive about making major capital investments -- truck buyers, including big fleets, are increasingly turning to used trucks to grow their business... In fact, there are few more honest barometers right now than the pre-owned truck market to gauge fleet owners' sentiments about the medium-term freight economy... Demand for used commercial vehicles has soared this summer -- as much as 60 percent over last year. And only a couple of years removed from a major glut of pre-owned inventory, suppliers are now predicting a shortage in the next 24 months... Last year, the price for a class 8 highway truck in 2009 was comparable (in absolute dollars) to the sticker price of 30 years ago, but the value of iron has shot up exponentially in just a few short months. According to the American Truck Dealers Association, the average retail value of a 2007 Freightliner Century 120 with 360K was up to $43,300 in July from $36,000 in the fourth quarter of 2009...Labels: trucks sales
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