Price Digests, a provider of vehicle values and specs data for more than 100 years, announced the winners of its 4th annual Price Digests Highest Retained Value Awards (HRVA) – 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.
Winners of the HRVA Awards were recognized Monday at the American Transportation Association’s MCE Conference in San Diego.
In the heavy duty segment, Volvo and International took home top honors. The 2022 Volvo VHD64FT led the heavy duty conventional day cab tractor category this year with a five-year retained value of 65.21% – 30 points higher than last year’s winner, the Freightliner Cascadia, which had a retained value of 35.86%.
The VHD64B retained nearly 75% of its value for the top spot in the conventional cab and chassis category.
International's LT625 took the top spot among sleeper tractors with a retained value of 57.74%
“This year, we’ve seen higher retained values across the board for heavy and medium duty trucks," said Jessica Carr, Price Digests Director of Data and Analytics, adding the impact of Covid-19 supply chain woes changed the trajectory of retained value, keeping it higher than in years past. "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. Price Digests is powered by The Truck Blue Book.
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.
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.
A full list of winners, including heavy-, medium- and light-duty trucks and pickups can be found here.