seeking late-model, low-mileage used trucks as a way to inexpensively
replace older vehicles in their operations are going to have a tough
time doing it as supply continues to tighten...
Bob Glenn, director of remarketing for Penske,
told Fleet Owner that a year and one-half ago, the company’s used-truck
inventory included just over 10,000 units listed for sale. By the
fourth quarter of last year, however, that inventory had fallen to 2,800
units and remains at low levels. Altogether, Penske sold approximately
23,000 used trucks in 2010.
demand started in the first quarter last year and hasn’t stopped,”
Glenn said, with tandem and single axle Class 8 day cab tractors
displaying the most strength, though all models of used trucks in
Penske’s inventory are selling well.
added that fleets of all sizes – from large national and regional
carriers on down to small operators – are in the market, looking
primarily for trucks with under 400,000 miles.
Steve Clough, president of national used truck dealership chain Arrow Truck Sales,
noted at FTR Associates 2010 Transportation Conference that the
used-truck shortage now occurring is due to the record low production
rates of new trucks experienced during the past few years.
noted that while some fleets are still looking to make 10 and 12
vehicle used truck “buys,” getting a group of such trucks together with
similar specifications and with the right mileage is tougher and tougher
to do. “It’s a struggle to find those kinds of vehicles in inventory
now,” he added.
[via FleetOwner] Photo courtesy of Rex Roof and re-used under the Creative Commons license.