What is it?
The Used Truck Price Indices measure the average price of 3, 4, and 5 year old trucks on the open market. It is expressed in dollars per unit.
Who is interested?
Executives in trucking companies, economic analysts, owner operators
What does it tell me?
Used truck prices are indicators of overall market health as well as investment cycles. When 3 year pricing increases that is an indicator that bigger fleets are potentially quickening their purchase cycles as they sell lower mileage vehicles for higher rates. They are also indicators of how well the model years are holding value.