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Truck prices

Discussion in 'Trucks' started by Truck Shop, Feb 5, 2022.

  1. Truck Shop

    Truck Shop Senior Member

    Joined:
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    Occupation:
    star gazer
    Location:
    SE Washington St
    Because of the shortage of parts truck manufactures are not taking any orders for new trucks or trailers
    And if they do take the order it's cut by 2/3. Utility in Utah is setting on 700 plus trailers unfinished.
    This is how wacky the prices are for used. We have two 3 axle Cascadia models 2019's with 410,000
    on them. Paid $154,000 for them, Both went on the chopping block and sold today for $167,000.
    Our Kenworth T990's 2021's just went into service middle of last month roughly 10,000 miles on them.
    Company paid $188,000 for each, could easily sell today for $230,000 {no chit}.
    Refer trailers 3 axle 53' were year and a half ago $80,000 now $107,000. A 53' 3 axle 7 years old worn out,
    $55,000. Used 53' 2 axle worn out $55 to 65,000.
    Freight rates are through the roof so these guys are paying stupid prices for used, The rates will fall and they
    will be making a payments of new on a old tired rig.
     
  2. Crummy

    Crummy Senior Member

    Joined:
    Jul 9, 2017
    Messages:
    901
    Location:
    Idaho
    So now you have to account appreciation and not deprecation on the company accounting? Making money everywhere. Ask for a raise.
     
  3. Truck Shop

    Truck Shop Senior Member

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    Occupation:
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    SE Washington St
    Oh no-to get a raise you go to the boss and grovel with hat in hand for a raise, just like every boss.
     
  4. Crummy

    Crummy Senior Member

    Joined:
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    Location:
    Idaho
    I've been through a few ups & downs through the years and now you won't hear me say "Well, back in XXXX ...."
    This is a new one for me. Totally upside down inside out and wiggly.
     
  5. suladas

    suladas Senior Member

    Joined:
    Jun 30, 2016
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    Location:
    Canada
    You only make money on the appreciation if you sell though if you plan to keep for 2-3 years prices will be back down to reality by then, prices are only going to stay high until new inventory is back, and then manufacture's are going to push huge deals to get rid of the backlog, possibly pushing resale values lower then before for a bit.

    I don't know why many people would be buying right now, even with high rates you got to figure in a fortune for depreciation. I bet some companies could make more money selling off their fleets and rebuying in say 2 years then operating for the next 2 years.

    Prices are stupid though! My 25 ton tag I paid mid 20's for, RB getting low 40's for same trailer 10 years old, 2 years ago brand new one was mid 40's.
     
    DMiller and Pops52 like this.
  6. 4x4ford

    4x4ford Well-Known Member

    Joined:
    Jul 20, 2007
    Messages:
    181
    Occupation:
    aunts on the strip Currently drive a 1951 chevy pa
    Location:
    Las Vegas Nevada
    Company I drive for currently has around 100 of our tractors leased out to ups as they can’t get new trucks
     
  7. Spud_Monkey

    Spud_Monkey Senior Member

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    Sep 15, 2018
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    3,628
    Location:
    .
    Guess I better sell my tired out worthless worn out Beverly Hillbillies semi and grab a M9XX series military semi, cause I know they aren't buying those up for OTR or local deliveries and would make perfect tool for out here.
     
    DB2, DMiller, 59 North and 1 other person like this.
  8. terex herder

    terex herder Senior Member

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    Nov 10, 2017
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    916
    Location:
    Kansas
    In April 2021 a Timpte hopper with electric tarp, aluminum wheels, extra lights was $43,500. Last month with steel wheels and manual tarp is $48,000.
     
    DMiller and Truck Shop like this.
  9. Vetech63

    Vetech63 Senior Member

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    4,546
    Location:
    Oklahoma
    It's going to get a lot worse too.
     
    DMiller, mg2361 and Truck Shop like this.
  10. NepeanGC

    NepeanGC Well-Known Member

    Joined:
    Mar 18, 2017
    Messages:
    195
    Occupation:
    #dirtherder
    Location:
    Ottawa, Ontario
    Dump trucks are doing the same around here - I got told a few weeks ago by our local Volvo dealer that lead time for new dump truck is now at 9-10 months. I couldn't wait that long, so I picked up a 3 year old unit with low miles. I'm sure I overpaid by 10-15k compared to last year, but what other choice do I have?

    I'm holding on to one of our pre-emissions tandems till spring/summer. Figure I can make an easy 10-15k on that truck over what I paid for it 3 years ago.

    Strange times indeed.
     
    DMiller and Truck Shop like this.
  11. Truck Shop

    Truck Shop Senior Member

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    Occupation:
    star gazer
    Location:
    SE Washington St
    My news today, Freightliner once finished with orders on the books at this moment-{there will be no orders
    taken on new trucks in 2023}. PacCar has yet to tell any dealership salesmen if they can place any orders
    this year.
    So companies like C R England which owns 18,000 trucks plans on running their oldest high mile rigs
    another two years. Same with the company I work for {what they got is what they got}.

    No one can afford to sell-just hope parts can be found.
     
    DB2 and DMiller like this.
  12. crane operator

    crane operator Senior Member

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    Location:
    sw missouri
    There goes any plan to keep things under warranty.
     
    DMiller likes this.
  13. Truck Shop

    Truck Shop Senior Member

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    SE Washington St
    Buy more warranty is the plan.
     
    DMiller likes this.
  14. 4seasons

    4seasons Active Member

    Joined:
    Jul 28, 2014
    Messages:
    28
    Location:
    Ny
    How inflated are new Triaxle dump truck prices right now for 13 liter automatics? I’m seeing 190-240 range. What were they in 2019?
     
    DMiller likes this.
  15. crane operator

    crane operator Senior Member

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    Location:
    sw missouri
    Just curious, did they debate keeping those trucks as spare's because of the unavailability of new? I know they brought good $$, but maybe a spare pair of trucks in the back yard might not be a bad idea.
     
    DMiller likes this.
  16. Truck Shop

    Truck Shop Senior Member

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    SE Washington St
    Both of those are trucks we ran to the SE. Have some miles but were bought off the lot instead of spec.
    both are slightly heavy and fitted with options no one has liked. Plus there only 80,000 GVW.
     
    DMiller likes this.
  17. Truck Shop

    Truck Shop Senior Member

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    Occupation:
    star gazer
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    SE Washington St
    Really prices very depending on options and specs, average $25,000 less.
     
    DMiller and 4seasons like this.
  18. dieseldog5.9

    dieseldog5.9 Senior Member

    Joined:
    Aug 11, 2014
    Messages:
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    Location:
    New Hampshire
    It was a good year to clear out the yard, sold a spare excavator, dump truck and Tag trailer. No one haggled.
     
  19. colson04

    colson04 Senior Member

    Joined:
    Apr 11, 2016
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    1,445
    Location:
    Delton, Michigan
    Amazing how fast things have changed. I sold a dump truck in late 2020 that everyone felt was worth half of what I listed it for. I eventually sold it for 10% less than listed. I sold a tag trailer in January 2020 that had 20 rediculous offers before a guy bought it for my asking price. Both items took a few months to sell. Today, those items are sold within a week of listing if they're operable.
     
    DMiller, Spud_Monkey and Truck Shop like this.
  20. Old Doug

    Old Doug Senior Member

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    Oct 16, 2013
    Messages:
    2,914
    Location:
    Mo
    I missed the boat agin i sold 2 pickups that i could have used but thought i would sell and buy something i wanted just before this happen .They are worth double now . I also bought a bigger truck so i could get a bigger trailer but every thing is high i wonder if things will ever change ? It looks like it would take a miracle to make things change alot of people would need to go back to work. It seems like if i make a mess it takes 4 times longer to set things strait than it did to screw it up.
     
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