USED TRUCK MARKET IN US
Daimler Trucks North America revealed used truck market declined by 8.5% as COVID-19 hit in Q1, and anticipated that will level out in 2021, directly as the “New Cascadia” hits the pre-owned market.
Daimler Trucks North America (DTNA) knew 2020 would be an unstable year even before COVID-19 unleashed ruin on the economy after the market appreciated a help in 2018-2019. In any case, North America’s driving truck producer is sure that one year from now the pre-owned truck market will level off.
In Q1 of 2020, deterioration arrived at 8.5% every month by and large, versus 1.25 to 1.5. deterioration for a normal year.
Utilized truck costs won’t re-visitation of 2018-2019 levels, when shipping delighted in the blast times as the economy developed and request expanded because of rising limit.
Aufdemberg extended stock will re-visitation of the parts at SelectTrucks and other Freightliner utilized truck sellers.
As the amount improves, so does the quality, with the model year 2018 Freightliner Cascadia, which DTNA alludes to as the “New Cascadia,” hitting the pre-owned truck market in 2021. That truck will turn four one year from now, which implies more armadas will exchange those in for more up to date models.
The MY 2018 highlights a few upgrades over the Cascadia Evolution, or Classic Cascadia. At the hour of dispatch, the New Cascadia had a normal 8% mpg improvement, and the dissimilarity, contingent upon proficiency specs, could be as wide as 19%.
Primer information for November shows that equivalent seller deals of utilized Class 8 trucks dropped 20% month over month. In any case, year-to-date figures show a more idealistic picture, with an expansion of 18% contrasted with the initial 11 months of 2019.
Month-over-month examinations for November 2020, which indicated that normal costs expanded 9% while normal miles dropped 2% and normal age was 3% lower than October. Year to date, normal value, miles and age were all lower, down 8%, 3% and 8%, individually, contrasted with the initial 11 months of 2019.
primer utilized truck dashboard uncovered a great deal of positive information, and the drop in deals was predictable with average irregularity. December volumes ordinarily appreciate a solid successive bounce back.
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- Market Size and Forecast, by geography($M)
- Opportunities and risks in Used Truck Market in US
- Important technology trends and regulatory changes
- 5 key predictions for next 5 years in Used Truck Market in US
- Competitive landscape and market share of leading vendors
- OE- Supplier alignment in Used Truck Market in US
- New product development in Used Truck Market in US
- COVID impact on Used Truck Market in US and suppliers` earnings