Are used truck prices topping out now?

[Willwork4truck]

Only reason I ask is that my old 2019 Ltd is still sitting on the AutoNation lot after 3+ weeks and they have dropped the price $1K. The companion Ltd that was comparibly equipped and was already there on the lot when I sold them mine is still there as well. It's not from lack of visibility or presentation as when I click on the truck ad it shows everything, all specs and photos.

They probably thought it would fly right out of there even with the $4K markup. Now it's a $3K markup and I'll wager they had to put a battery in it as well.

Have you all noticed a leveling off of offers from Vroom, Carvana, KBB or anyone else?

 

[mikeru82]

The 2020 Laramie I traded in sold as soon as it got out of their detail shop. It was listed at $54k, which was $4k more than they paid me for it. I have no idea what they actually sold it for though. I haven't been keeping up with used truck values since I bought my Limited on May 1, so I really don't know if they have peaked yet.

 

[Willwork4truck]

I just google searched the topic and surprisingly one of the hits was for class 8 (semi's) trucks. The article was dated May 18, 2021 from: https://www.freightwaves.com/news/late-model-used-truck-prices-go-stratospheric
This is what it said:
"Prices of newer used trucks with low mileage are reaching historic levels with new truck deliveries slowed by supply chain issues and an ongoing shortage of microchips.

“[Auction] pricing for trucks with under 600,000 miles is in the stratosphere,” J.D. Power Valuation Service reported in its latest Commercial Truck Guidelines newsletter. For example, model-year 2018 trucks with under 500,000 miles are selling at auction for around $70,000.

Compared to the first four months of 2020, Power’s benchmark group of 4-to-6-year-old trucks were selling for 76.6% more than the same period a year ago." End of copied portion.

Remember this is not about pickups but it seems the entire automotive industry is suffering from this.

 

[JoeCo]

Only reason I ask is that my old 2019 Ltd is still sitting on the AutoNation lot after 3+ weeks and they have dropped the price $1K. The companion Ltd that was comparibly equipped and was already there on the lot when I sold them mine is still there as well. It's not from lack of visibility or presentation as when I click on the truck ad it shows everything, all specs and photos.

They probably thought it would fly right out of there even with the $4K markup. Now it's a $3K markup and I'll wager they had to put a battery in it as well.

Have you all noticed a leveling off of offers from Vroom, Carvana, KBB or anyone else?

Likewise, AutoNation still has my 17 and the price dropped $1,000 today as well.

 

[Checkairspeed]

Maybe. But hard to tell. Today I sold my ‘19 with 31k on the odo to CarMax for 2k more than I bought it for 2yrs ago this month. Crazy times for sure.

 

[jimothy]

My 2019 Laramie, which I sold for $49K, just got listed at $55K today (only $232 less than the original sticker). It'll be interesting to see when it sells, and if/when the price drops.