Summer 2026 has brought a largely predictable used work vehicle market, closely mirroring trends from 2025. Seasonal slowdowns and normal depreciation continue, while affordability remains a major concern as new vehicle prices, high interest rates, and limited financing pressure businesses. Class 3–5 vehicles continue to outperform other segments, supported by strong demand for quality used […]

A few years back, during the height of the pandemic, I was fond of using what I call my “crystal ball” analogywhen preparing this quarterly White Metal Market Report. You know, the one where the “situation” you’reanalyzing is so hard to read that you simply throw up your hands and say that your “crystal ball” […]

A volatile yet gradually stabilizing wholesale used vehicle market over the past decade, particularly through the disruptions of COVID-19 and its aftermath. After extreme highs in pre-pandemic pricing and severe downturns during the pandemic, the market has entered a more predictable phase. In 2025, depreciation trends closely mirrored 2024, with moderate price increases early in […]

The Q3 2025 White Metal Market Report highlights an unexpectedly stable used wholesale work truck market. Traditionally, prices fall 10–12% during summer, but this year depreciation was only 5–6%, signaling strong demand despite economic pressures. Scarcity of low-mileage, high-quality assets—stemming from limited production in 2021–22—continues to drive values, while fleets are holding onto older, high-mileage […]

The Q2 2025 White Metal Market Report highlights ongoing uncertainty in the wholesale medium-duty vehicle market, driven primarily by tariffs, high interest rates, and shifting fleet strategies. Once predictable, the fleet industry has faced volatility since the pandemic, with managers now adopting a “wait and see” approach toward tariffs rather than making premature plans. While […]

The 2024 White Metal Market Report (Q3) highlights a stable yet uncertain used vehicle market. While consumer spending remains strong despite inflation and high interest rates, economic uncertainty lingers, and any major disruption could push the market downward. Housing prices are rising, unemployment is slightly up, and a strong U.S. dollar is limiting international demand. […]

The 2024 White Metal Market Report (WMMR) provides a detailed review of the used vehicle market, which has stabilized after a challenging start to the year. While prices softened by about 10% in the third quarter compared to 2023, trends vary across segments. Passenger and light-duty vehicles remain in steady demand, while larger vehicles, such […]

This White Metal Market Report provides an overview of the 2023 fleet and wholesale used vehicle market, as well as predictions for 2024. The year started steadily, with vehicle pricing and volume aligning with 2022 trends. However, by May, the market saw a sharp decline in wholesale vehicle prices, which dropped by around 10%. This […]