USED and NEW Truck Prices Hit Rock Bottom Sales | Ritchie Bros. Auction Update | November 2023
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Join Ronen in this insightful video as he breaks down the current state of the trucking industry into four crucial parts. From new truck and trailer equipment sales to the dynamics of the used equipment market, Ronen also delves into the impact of interest rates and financing on trucking professionals. Discover why truck drivers find themselves upside down in finance agreements and how the industry's cash crunch is reshaping decision-making.
Times are undoubtedly tough in trucking, but Ronen provides valuable insights on navigating these challenges. Learn how to take advantage of the market conditions when purchasing both new and used equipment, ensuring you make the best choices for a smoother future. Don't miss out on this essential guide for truckers facing the complexities of today's economic landscape.
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📚 Chapters
00:00 Introduction - Purchasing Used and New Truck Equipment
00:26 Analyzing Used and New Semi Truck Sales
01:04 Negotiating with Dealerships
01:33 Analyzing Used and New Trailers, Reefers, and Flatbed Prices
02:11 Advice for Those who want to Purchase New or Used Truck Equipment
02:44 Ritchie Bros. Auction Sales for Freightliners in November 2023
04:27 Ritchie Bros. Auction Sales for Dry Van Trailers and Reefers in November 2023
05:35 Interest Rates on New and Used Truck Equipment
06:04 Commercial Equipment Financing Link
06:53 Avoid Dealership Finance Brokers
07:28 What Happens if your Lease is Flipped?
09:07 Are Owner Operators Suffering the Most?
10:17 Conclusion - Thinking Twice Before you Purchase New and Used Equipment in Todays Economy
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