The Class 8 auction market heats up more each month, and retail selling prices continue to crush records as the industry stands at the confluence of a strong freight market, an inadequate supply of low- to average-mileage used trucks and a shortage of drivers.
J.D. Power Senior Analyst and Product Manager of Commercial Vehicles Chris Visser, a guest during FTR’s ongoing virtual State of Equipment series Monday, said “superheated rates” are keeping truck buyers energized, noting FTR forecasts rate increases to gradually relax and reach year-over-year parity starting in early 2022 while volume continues to grow into 2023. “In this market, we’re never going to have enough drivers to move the amount of freight that
