Market valuation credibility
We are all currently experiencing a sudden downturn in the economy and that hurts market value
There has been a switch, from a market where demand for commercial vehicles essentially surged out of control, to suddenly facing significantly less work, reduced demand, and a rapidly growing supply of ready to work vehicles to choose from.
New truck dealers are also now discounting new stock on the ground, which immediately reduces the residual values for existing vehicles. A perfect storm
Such a shift in market conditions, in such a short period of time, is not something many have ever experienced before.
Buying at the peak of a market and then trying to sell when the market has fallen can lead to significant financial losses. When the market inevitably corrects or experiences a downturn, the value of most assets declines, resulting in a loss for those who purchased at the peak.
When trying to sell during a market downturn, sellers may be forced to accept lower prices than expected, leading to a financial loss. This can lead to emotional stress, as owners may feel regret, frustration, anger, or panic when faced with such losses.
During the recent market peak, TruckValue reports were regarded as being higher in value than most valuations from other providers.
Now that the market has essentially collapsed, TruckValue reports are being regarded as much lower in value than market valuations from other providers.
In many ways, this demonstrates that TruckValue reports move with the market, and that the research behind them is keeping up with current market forces.
Keeping up with the market is by no means an easy task.
How are alternative commercial vehicle valuation providers doing?
Are they keeping up with market conditions?
Who are they, what are their qualifications, are they credible?
Easytrucks is under significant pressure right now from commercial vehicle operators and/or financial institutions, to justify a perceived sudden difference between sellers' potentially inflated expectations and what TruckValue reports are now showing is current fair market value.
We will never be influenced by individual opinion, or requests for nominated values to be published.
Easytrucks has only one thing to offer to the market, and that is our integrity.
For better or worse, purchasers of TruckValue fair market valuation reports can be assured that they will always receive a properly researched, independent, honest, and unbiased calculation of the current fair market value, for their commercial vehicle assets.
Sincerely,
TruckValue Registered Valuations New & Used Truck & Trailer Sales & Advice Commercial Vehicle & Liability Insurance Specialist
easytrucks TRUCK VALUATIONS & INSURANCE
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