Work Truck Solutions has released its ComTrend Analysis of used and new commercial vehicle prices for the first quarter of 2022. While demand for commercial vehicle (CV) inventory remained high, several movements in the data indicated there are trends shaping the industry and driving buyer behavior, according to the company’s news release.
Used Work Truck Prices
According to Work Truck Solutions, the median mileage for used work trucks has been trending upwards since late 2020, a technology-based platform for the commercial vehicle industry focusing on inventory management, operational analytics, and digital marketing solutions. The most recent metrics show an increase of 5.1% in Q1 2022 compared to Q1 2021 and a 1.2% uptick from Q4 2021.
Even though median