• |
  • |
  • Full-Size Truck Resale Values Up Almost 7 Percent

Full-Size Truck Resale Values Up Almost 7 Percent

Increase Attributed to Strong Housing Market, Tight Supply

May 15, 2013
Resale values on 3-year-old full-size trucks are leading the overall industry with year-over-year auction price average gains of as much as 8 percent, and an overall segment average gain of nearly 7 percent, according to the National Dealer Association's May edition of Guidelines. This news comes even as trade-in values on some of the most popular passenger car models has dropped an average of almost 10 percent, including the Chevrolet Malibu, Honda Accord, and Nissan Altima.
Photo 2/12
The strength in the used full-size truck market is attributed to an increase in new home construction and a decline in supply in the used full-size market. NADA noted that the supply of full-size trucks up to 8 years old declined by a dramatic 17 percent between 2007 through 2012, some of that loss possibly attributable to the government's Cash for Clunkers program. But NADA predicts the market will tighten an additional 8 percent in 2013.
The benchmark Chevrolet Silverado 1500 LT Crew Cab with the 5.3-liter V-8 had a gain in the average trade-in value of $1460 from May 2012 to May 2013, a gain of 8 percent, for an average trade-in value of $20,540. The next-highest gainer in trade-in value was the Ram 1500 Crew Cab SLT with the 4.7-liter V-8, with a 5-percent gain.
Photo 3/12
Perhaps the most surprising detail of the report is which pickup models they expect will be in the highest demand. Due to the continued strength in the housing market, two-wheel-drive, regular-cab, V-6 trucks, frequently purchased and used by workers in the construction trades, are expected to remain a hot commodity.
Source: NADA
Make Model Config- uration May 2012 Trade Value May 2013 Trade Value $ Change Percent Change
Chevrolet Silverado 1500 Crew Cab LT 5.3 V-8 $19,080 $20,540 $1,460 8%
Chevrolet Silverado 2500 Crew Cab LT 4WD Diesel $32,130 $33,225 $1,095 3%
Ram 1500 Crew Cab SLT 4.7 V-8 $17,462 $18,295 $833 5%
Ram 2500 Mega Cab SLT Diesel $28,162 $28,620 $458 2%
Ford F-150 Crew Cab XLT 2WD 4.6 V-8 $18,752 $19,155 $403 2%
Ford F-150 Crew Cab XLT 4WD 4.6 V-8 $22,252 $22,555 $303 1%
Toyota Tundra Crew Cab SR5 5.7 V-8 $21,300 $21,902 $602 3%

MOST POPULAR

Truck Trend Network

TRUCK RESEARCH SNAPSHOT

Ford F 150

Fair Market Price
$25,309
Editors' Overall Rating
Basic Specifications
MSRP: $25,800
Mileage: 18 / 25
Engine: 3.5L V6
get a free quote

Subscribe Today and Save up to 83%!

Subscribe Truck Trend Magazine

Subscribe to:

Truck Trend
Magazine

PRINT DIGITAL
Subscribe Diesel Power Magazine

Subscribe to:

Diesel Power
Magazine

PRINT DIGITAL
Subscribe Truckin Magazine

Subscribe to:

Truckin
Magazine

PRINT DIGITAL
SUBSCRIBE TO A MAGAZINE
TO TOP