Price Digests Announces 2022 Highest Retained Value Awards Winners for Commercial Trucks

 In Press

Volvo and Chevrolet Trucks Win in Multiple Categories

Tuscaloosa, AL and San Diego, CA, October 23, 2022 – Price Digests, the leading vehicle values and specs data provider for more than 100 years, today announces the winners of the 4th annual Price Digests Highest Retained Value Awards (HRVA). This is the only industry awards program that leverages third-party, unbiased, data-driven residual values of commercial trucks to recognize those that best hold their value. Price Digests is powered by The Truck Blue Book.

The prestigious Price Digests HRVA awards are presented in nine categories honoring Class 3-8 commercial trucks, ranging from light to heavy-duty models. The winners represent the 2022 model series projected to retain the highest percentage of their original value during a five-year period.

Jessica Carr, Price Digests Director of Data and Analytics, says the impact of Covid-19 supply chain woes changed the trajectory of retained value, keeping it higher than in years past.  “This year, we’ve seen higher retained values across the board for Heavy and Medium Duty trucks.  We expect the supply chain issues to continue to keep prices higher than normal during the next two to three years, especially for heavy and medium duty commercial trucks, so the investments people and companies make in their trucks will remain high.”  Price Digests monitors new and used truck values each month, with data analysts updating its Truck Blue Book data to ensure accurate values, VIN decoding and specifications.

The HRVA awards are part of Price Digests’ commitment to providing independent, accurate, reliable information. “We’re empowering truck dealers, buyers, insurers, lenders, and others by providing  reliable data that helps them make informed decisions. Understanding retained value is just one way we enable them to use data as a competitive advantage,” says Dan Smith, Price Digests Sales Director.  Winners of the HRVA Awards are being honored at the American Transportation Association’s MCE Conference in San Diego, with individual trophy presentations.

The 2022 Price Digests Highest Retained Value Award Winners

Category Manufacturer Model Average MSRP ($) Retained Value (%)
Heavy Duty Trucks
Conventional Sleeper Tractor
International LT625 $131,430 57.74%
Heavy Duty Trucks
Conventional Day Cab Tractor
Volvo VHD64FT $153,284 65.21%
Heavy Duty Trucks
Conventional Cab and Chassis
Volvo VHD64B $153,717 71.34%
Medium Duty Trucks
Conventional Cab and Chassis
Freightliner M2 106 $97,186 41.90%
Medium Duty Trucks
Cabover Cab and Chassis
Chevrolet 4500 $51,935 65.93%
Medium Duty Trucks
Crew Cab and Chassis
Isuzu NQR $55,092 57.12%
Light Duty Trucks
Crew Cab and Chassis
Chevrolet 2500HD $51,519 58.48%
Light Duty Trucks
Cargo Vans
Mercedes-Benz 3500XD $56,058 62.09%
Light Duty Trucks
Regular Cab and Chassis
Chevrolet 2500HD $44,810 58.48%

Comparing 2022 to 2021 Retained Value Projections

Award Category: Heavy Duty Conventional Day Cab Tractor

Winning Model: Volvo VHD64FT

The 2022 Volvo VHD64FT led the Heavy Duty Conventional Day Cab Tractor category this year, with a five-year retained value of 65.21%. This is 30 points higher than last year’s winner, the Freightliner Cascadia, which had a retained value of 35.86%.

2022 HRVA Winners Trophies

About Price Digests

Since 1911, Price Digests has served the vehicle data needs of the insurance, finance, government, and dealer markets through its portfolio of VIN decoding, specifications, and market value data solutions for the commercial truck, passenger vehicle, marine, powersport, and recreational vehicle asset classes. Our data insights help enterprises drive competitive advantage through asset data workflow efficiencies while also playing a pivotal role in decisions surrounding the purchase, valuation, operation, and risk mitigation of assets. Price Digests data is powered by The Truck Blue Book.

About Randall Reilly

Randall Reilly is the growth platform for vital industries. We deliver unique data and insights that align the buyers and sellers who drive the nation’s economy. We help clients create and grow better relationships with their customers, gain better insights on market and buyer behaviors and deliver better results in top-line growth, both right away and ongoing. Visit randallreilly.com for more information.

Media Contact:
Lisa Gardner, Price Digests
678-206-5198
lisagardner@randallreilly.com

Recommended Posts
0
Randall-Reilly Sign