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Trucks.com | Used Truck Market Shows Signs of Improvement

06.23.17 | Carly Schaffener, Trucks.com

Disparate factors indicate the used truck market could be starting to stabilize, according to several reports issued over the past week.

The increase comes partly as freight demand rises in the industrial sector, according to the most recent trucking conditions report from FTR Transportation Intelligence.

“Overall, our expectation of improvements in freight demand for 2017 are coming to fruition,” said Jonathan Starks, FTR’s chief operating officer.

Also driving up the demand for used trucks are contract and spot freight rates. Spot rates are most important to owner-operators, who typically buy used trucks, as contract rates are more for large and mid-size fleets, Clough said.

Spot market load activity in early June is running 50 percent ahead of the same time period last year, Starks said.

Spot rates are up 10 percent on a year-over-year basis, Starks said.

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