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The top Democrat and ranking member on the House Committee on Oversight and Government Reform...
According to J.D. Powers' latest Used Commercial Vehicle Report, the Peterbilt Model 579 is the market leader, due to a larger-than-normal number of 2015 models entering the market. Photo: Jim Park
">According to J.D. Powers' latest Used Commercial Vehicle Report, the Peterbilt Model 579 is the market leader, due to a larger-than-normal number of 2015 models entering the market. Photo: Jim Park
">The North American used commercial truck market returned to normal levels of activity in June, following a significant slump in May of this year.
That's according to a new report issued by J.D. Powers & Associates on July 17, which states that Class 8 auction levels in June stabilized considerably, with volume up and prices dropping mildly. Retail sales prices also returned to more normal levels, with prices holding steady and minimal depreciation.
The report, which can be downloaded here, notes that average prices of used commercial trucks in the first five months of 2017 is running 6.8% lower than the same period in 2016.
The average sleeper sold in wholesale in May of this year was 5 years old, with 513,859 miles on the odometer and selling for $28,442. On the retail side of the equation, the average sleeper tractor sold in May was 72 months old with 448,696 miles, bringing $48,929. Compared to April 2017 figures, these trucks, on average, were 2 months newer, had 3,785 fewer miles on them, and brought in $460 more.
The report said that retail sales prices for 3- to 5-year-old trucks dropped by an average of 1.7% per month this year, an improvement over 2016, which saw prices falling by an average of 2.4% per month in the same period.
Average pricing by age shows 3-year-old trucks bringing in an average of $81,728, which was $6,677, or 8.9% higher than April. Four-year-old trucks brought an average of $60,675, which was $92, or 0.2% higher than in April, while 5-year-old trucks brought in an average of $44,900, which was $3,849, or 8.4% lower than the previous ...Read the rest of this story
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Screenshot via Geotab
">Screenshot via Geotab
">Geotab has announced the launch of Driver DataSense from J.J. Keller & Associates and integrations to TMW Suite and TMW TruckMate from TMW Systems, through its online Marketplace.
To address the needs of mutual customers, J.J. Keller and TMW Systems are joining the Geotab Marketplace of mobile apps, software add-ins, and hardware add-ons, allowing Geotab customers more choice in customizing and extending fleet management capabilities.
The J. J. Keller Driver DataSense service helps fleets manage hours of service compliance based on data coming from the Geotab device, paper logbooks, and driver time records. A dedicated client service specialist interprets fleet data and provides compliance guidance and DOT audit support. Additionally, customers can gather Business Intelligence reporting and other fleet analytics with detailed views down to the specific violation through a secure online portal.
The service can help fleets with roadside inspections, CSA score improvement, best-practice time management, fuel use efficiency, and protection from DOT audits and interventions, according to J.J. Keller.
In the coming months, the Encompass solution from J. J. Keller will also debut on the Geotab Marketplace. It uses a cloud-based system to report on data captured from the Geotab ELD, and data from the driver's smartphone or tablet that has the J. J. Keller Mobile app.
“We are proud to partner with Geotab to offer the industry multiple options for hours of service compliance. Whether fleets prefer to have J. J. Keller compliance experts oversee the data coming from the Geotab device, or manage hours of service themselves using the J. J. Keller hours of service back office, we have a solution,” said Rustin Keller, executive vice president of J. J. Keller.
Both TMWSuite and TruckMate, from TMW Systems, are transportation management software for fleet operations that serve as the information hub of your organization, providing real-time visibility into order-entry, load-booking, ...Read the rest of this story
