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Record-setting used truck prices no deterrent to spot rate-chasing buyers

Drivers and fleets can get loans to pay sky-high prices for used trucks because spot rates let them earn more than enough to repay. ....

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E-commerce used truck sales and prices increase amidst COVID

Jan 21, 2021
Non-auction options like a 24/7 daily online marketplace, which provides a more retail-like purchasing experience with ‘Buy Now’ and ‘Make Offer’ options, have also drawn more digital buyers while increasing seller control over the price and process.
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Among the many changes brought on by the COVID-19 pandemic was the halt of most in-person events, which can be problematic when you re in the business of auctioning commercial trucks.
Capability to bid remotely has been commonplace for many years, but the onset of the coronavirus – coupled with government restrictions on gathering in one place – forced a full transition for many auction houses coast-to-coast. ....

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