Whats the used truck market like right now?
Clowdis: I’m shocked at some of the pricing we’re seeing on used equipment. Tractors are not worth what they once were, but companies are selling at any price they can in efforts to raise capital and survive. Costello: The used truck market’s terrible. The values are off significantly. And it’s because there’s no need to go out there and buy a lot of trucks. The first thing you’ve got to do is better utilize the trucks you have. Starks: The used truck market is in bad shape still. Prices are still low, and it doesn’t make sense to trade in yet. However, the used market will be a good indicator that the economy is improving, because people will go there first before buying new equipment. Now, most people are still holding on to it. I expect it to remain this way until the end of the year. Vieth: The first signs of the trucking recovery are going to show up in the used truck market. We have had a fairly strong pullback in used truck valuations. But we don’t have a situation like we had b
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