Freightliner and Peterbilt models typically beat their competitors in how much their used trucks are worth after five years, according to a company that tracks residual values.
Each brand won two categories in Price Digests’ inaugural Highest Retained Value Awards. The truck price information company selected the nine category winners by reviewing more than 50,000 resales of the most popular equipment series in 2018. Price Digests tracks these transactions to set residual values.
Finance companies that lend money to buy used trucks and insurance companies that cover them rely on residual data in deciding the best investments, said Sam Giffin, director of business insights for EquipmentWatch & Price Digests.
“These awards are to raise awareness of what we’ve been seeing in the data and to create transparency in the marketplace,” he told Trucks.com.
Using year-over-year depreciation for hundreds of models, the trucks were sorted by their relative popularity, then arranged by model series. The calculation ignored economic data such as ups and downs in new-truck orders and production.
Many fleets lease new trucks for four years and drive to about 500,000 miles before disposing of them with a year of factory warranty remaining.
“We’re looking just at the base core value,” Giffin said. “Some of the categories were very close. The separation between No. 1 and No. 2 was a couple percentage points.”
The winning series in Class 4 medium-duty to Class 8 heavy-duty trucks were required to have at least one model currently for sale. Newer models got more consideration in the award calculations than older ones.
The five-year retained value winners were:
Heavy Conventional Cab & Chassis: International 7000 Series. Also known as Workstar, the truck retained 43.86 percent of its suggested $127,027 retail price. Other finalists were the Kenworth T370, Freightliner M2, Western Star 6900 and Kenworth T270
Heavy Conventional Day Cab Tractor: Kenworth T800 retained 37.17 percent of its suggested $161,576 retail price. Other finalists were the International Prostar, Western Star 6900, Mack CXU Series and Kenworth W900L.
Heavy Conventional Sleeper Tractor: Peterbilt 389 retained 39.85 percent of its suggested $187,601 retail price. Other finalists were the Kenworth W900L, International Prostar, Western Star 4900 and Volvo VNL.
Medium Cabover Cab and Chassis: Hino 155 retained 39.50 percent of its suggested $57,361 retail price. Other finalists were the Kenworth K200, Isuzu NPR, Hino 195 and Mitsubishi Fuso FG140.
Medium Crew Cab and Chassis: Ford F-650 retained 49.91 percent of its suggested $63,270 retail price. Other finalists were the Isuzu NQR, Ford F450, Dodge 4500 and Dodge 5500.
Medium Conventional Cab and Chassis: Peterbilt 325 retained 47.58 percent of its suggested $54,008 retail price. Other finalists were International 4300, Freightliner M2, Hino 268 and International 4400.
Light Crew Cab and Chassis: GMC/Chevy 2500 retained 48.36 percent of its suggested $48,812 retail price. Other finalists were the Dodge 3500, GMC/Chevy 3500, Ford F250 and Isuzu NPR
Light Regular Cab and Chassis: Freightliner Sprinter 2500 retained 57.93 percent of its suggested $36,401 retail price. Other finalists were Freightliner 3500, Mercedes 2500,
Ford F250 and Mercedes 3500
Light Cargo Van: Freightliner 3500, retained 58.68 percent of its average $40,357 retail price. Other finalists were the Freightliner 2500, Dodge 2500, Dodge 3500 and Ford T350.