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I bought my truck during the 2008 downturn. Got a good deal so nice to see may be reoccurring.

2006 Volvo 780 "Hoss" Volvo D12, 465hp, 1650 ft/lbs tq., ultrashift

Bed Build by "JW Morgan's Custom Welding"

2017 DRV 39DBRS3

2013 Smart Passion Coupe "Itty Bitty"

 

"Don't go around saying the world owes you a living. The world owes you nothing. It was here first!"

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New truck build orders are way down also. Be a good time to look for a deal on one.

Rick and Alana

Fulltimers

2018 Newmar Ventana 4037

2020 Jeep Gladiator 

1997 Jeep TJ

2009 Mobile Suites 36RSSB3

 

formerly owned 2000 Volvo 770, 600 Cummins ISX,18 speed autoshift, 14 foot "garage"

ET,Jackalopee,MaxBrake,Pressure Pro pro

www.rickandalanasgreatadventures.blogspot.com

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There is another reason not cited for the dropping prices of used trucks. Many smaller companies and individual owner operators, which are the natural market for such trucks are shunning them completely and rebuilding or glidering. The used trucks in the time frame cited are very expensive maintenance time bombs. Until rates and business improves, new and used prices are headed south. A friend of mine owns and runs 4 trucks(average age 16 + years). The local International dealer just called him and offered him new 2016 IH Prostars with Cummins power, 500 HP, sleepers 10 speeds for $106,000 including FET. That truck should be selling for $130k

Jeff Beyer temporarily retired from Trailer Transit
2000 Freightliner Argosy Cabover
2008 Work and Play 34FK
Homebase NW Indiana, no longer full time

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Lets not forget that if freight companies are not ordering trucks and trailers freight volumes are dropping. I don't get weekly updates on raw and finished goods anymore. I must assume they are dropping. Now I'm not screaming the sky is falling just keep an open mind.

Rick and Alana

Fulltimers

2018 Newmar Ventana 4037

2020 Jeep Gladiator 

1997 Jeep TJ

2009 Mobile Suites 36RSSB3

 

formerly owned 2000 Volvo 770, 600 Cummins ISX,18 speed autoshift, 14 foot "garage"

ET,Jackalopee,MaxBrake,Pressure Pro pro

www.rickandalanasgreatadventures.blogspot.com

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The unknown question about the current drop in freight levels is how much of that decline is being driven by the upcoming elections. It is not unusual to see a slow down just prior to the elections. Uncertainty makes us more cautious. Especially for corporate spending. Most businesses want to wait and see the outcome of the elections before committing to purchases as different candidates could influence how the business sees itself moving forward under different political leaderships. The more uncertainty, the more reluctant the business is to spend and invest. With the vast differences between the two candidates this election cycle, the uncertainty is much higher then businesses have seen in a very long time. Right now the only thing business are confident about is that the political gridlock will continue and escalate, regardless of which party is in political control.

 

The real indicator is going to be 180 days or so after the election. I think it will pick back up by this time as business will have their game plan about moving forward with the new occupant in the White House. Hiring is still strong. A sign that the businesses do not see a pull back in the near future. It is capital investments that have stalled and declined. Even the stock market has been pretty quiet and stable over the past 90 days.

2017 Entegra Anthem 44A

SOLD - 2004 Volvo 780. 465hp and 10sp Auto Shift (from 2010~2017)

SOLD - 2009 Montana 3400RL

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A comment about the maintenance time bomb. Smog systems and DEF are just $$#$$$ waiting to be spent. New trucks, under warranty, are having smog system problems. Appears to be in the 5-10% range based on mechanics experience. Then comes the major overhaul of the exhaust system. Mechanics estimate up to $20K based on engine.

 

I saw one truck downed for 8 days, a Sunday included with no work done, because of three bad sensors. Warranty required adherence to a checklist. Four regens done for a cost of 1/2 tank of fuel. That did not include the $4000 tow bill for truck and load of about 250 miles.

 

Bill

Bill & Lynn Baxter

MCI102A3 Conversion, Detroit Diesel S50  

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