When are USED Truck Sales Hitting ROCK BOTTOM?! (Ritchie Bros. Auction Update March 2024)
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Are you eagerly awaiting the turnaround in the truck sales market? In today's episode, Ronen dives deep into the latest data from the March 2024 Ritchie Bros. Auction to provide insights into the trajectory of USED truck sales. Strap in as we dissect the trends of popular brands like Freightliner, Volvo, Peterbilt, and Kenworth, uncovering the pulse of the industry.

With over 27,000 new Class 8 trucks hitting the market in February alone, the landscape is shifting. But what does this mean for the USED truck market? Are prices plummeting, or are there hidden gems waiting to be discovered? Join us as we navigate through the intricacies of supply and demand, revealing the potential deals and pitfalls that await.

Don't miss out on this opportunity to stay ahead of the curve in the ever-evolving world of truck sales. Tune in now for an insider's perspective on the future of the industry and discover when the market might finally hit rock bottom.
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📚 Chapters
00:00 Introduction - When are USED Truck Sales Hitting ROCK BOTTOM?
00:40 Ritchie Bros. Auction Video Breakdown
01:01 2021 Freightliners - Ritchie Bros. Auction Sales in February/March 2024
02:12 2021 Peterbilts - Ritchie Bros. Auction Sales in February/March 2024
02:38 2021 Kenworths - Ritchie Bros. Auction Sales in February/March 2024
02:59 2021 Volvos - Ritchie Bros. Auction Sales in February/March 2024
03:10 2020 Volvos - Ritchie Bros. Auction Sales in February/March 2024
04:11 2020 Kenworths - Ritchie Bros. Auction Sales in February/March 2024
05:14 2020 Peterbilts - Ritchie Bros. Auction Sales in February/March 2024
05:46 Summarizing Used Truck Market Update
06:00 Used Semi Truck Market has NO Value
06:19 New Semi Trucks Hitting the Market
07:06 When Should you Buy a Used Truck?
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