Price Digests, the leading vehicle values and specs data provider for more than 100 years, announced this week the winners of the 4th annual Price Digests Highest Retained Value Awards (HRVA).
Chevy took home three awards, the most of any OEM, for both medium- and light-duty trucks (see awards list below).
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, a Randall Reilly company, is powered by The Truck Blue Book.
The 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,” Carr said. “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,” said Dan Smith, Price Digests sales director.
Winners of the HRVA Awards were honored at the American Transportation Association’s MCE Conference this week in San Diego with individual trophy presentations
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%.
About Price Digests
Since 1911 Price Digests, a business of Randall Reilly, 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. Their 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.