After the sky-high prices of recent years, the asking prices for used trucks are starting to level off as external pressures begin to squeeze, writes Steve Banner.
SECOND-HAND truck prices have plummeted from the sky-high levels they achieved immediately after the Covid-19 pandemic; and dealers doubt that they will bounce back upwards any time soon.
The cost of borrowing money has helped drive them down, explained Chris Thornton, used truck sales manager, West Yorkshire region, at DAF dealership Motus Commercials Barnsley.
Operators who need to finance acquisitions and are worried about their cashflow do not want to shoulder the extra burden imposed by higher payments. He continued: “As a consequence the market hasn’t picked up since the summer.”