Welcome back to another episode of the TruckVin.com Podcast!
In today’s episode, we have a lot to unpack as we discuss the latest happenings in the trucking industry. Host Zach Ellis dives into topics such as the future of autonomous trucks and the increasing interest in electric vehicles.
He also touches on the potential impact of the federal excise tax on truck purchases and provides insights into recent sales trends in the medium-duty and used truck markets.
Hopefully, as we enter Q4, we’re seeing the bottom of the market, with big promises for 2024.
If you would love to be a guest on the TruckVin.com podcast, please reach out to buy@truckvin.com, and we would love to talk further.
In the episode of the TruckVin.com Podcast, our CEO, Zach Ellis, is talking about the changing dynamics of the retail truck market to the steady demand for vocational trucks, plus other trends he is seeing in the industry right now.
He talks about the trucking market rate, and the trucks he is seeing consistently
He’s also discussing pricing variations for dump trucks and specialty heavy haul trucks, the importance of loyalty and trust in the trucking industry, and the current state of freight volume. He also explores the potential UPS strike and its implications for nonunion employees, as well as the latest trends in the job market.
He also provides some valuable advice on selling trucks, including the consequences of pulling deals and the growing trends of the lack of loyalty, and why this is something you should avoid.
The market still isn’t quite sure what it’s going to do, and it seems like every day in 2023 has been a bit different. However, through this uncertainty, we know there are times when you still may need to sell your used truck, and we’re happy to help you out with that.
In this episode of the TruckVin.com podcast, CEO Zach Ellis breaks down the process of selling your used semi truck, and what you can expect should you decide you’re ready to move forward.
Here’s an inside look into our process:
Step 1: Go to https://www.truckvin.com/get-a-free-quote/ and fill out the information. Based on what you provide, we’ll send over an offer.
Step 2: Once you accept the offer, we’ll send over a Docusign, and then you’ll schedule the inspection for your vehicle.
Step 3: Once the inspection is complete (and we never do the inspection ourselves, we always use a third party), we’ll get the inspection results within about 24 to 48 hours.
Step 4: A buy rep from our team will review for any issues and verify if anything needs to be fixed.
Step 5: We’ll just then confirm the wiring instructions, and it’s that easy.
Zach also talks about the current market, and his predictions for the second half of 2023. Plus he discusses why selling might be the best current option for you, even if you may not get top dollar for your truck.
It’s June, and we still haven’t seen much stabilization in 2023. In this episode of the TruckVin.com Podcast, TruckVin.com’s CEO, Zach Ellis, is talking about the trends he has seen in the past month, in addition what’s happening in other industries that may affect the transportation industry.
Zach also discusses how hotels are making arrangements to help the work-from-home trend we say during the pandemic that continues to grow. He also discusses used truck pricing and the factors that have been driving costs.
Zach also talks about three things that you can do to stand out from your competition and grow in a time when everyone else seems to simply be surviving.
If you would love to be a guest on the TruckVin.com podcast, please reach out to buy@truckvin.com, and we would love to talk further.
On this episode of Truckvin.com Podcast, Zach Ellis is back discussing what’s happening in the transportation and trucking industries and what’s most important for those to know who are trying to thrive during uncertain times.
Zach dives into the increase in the use of electric vehicles (EVs) in the trucking space and informs listeners that six major manufacturers are already offering heavy-duty EVs. He also provides insights into JD Power’s report on the commercial vehicle market. The report states that used truck sales increased in March 2023 due to the difficulty in getting new trucks last year, which drove up new truck prices. Retail trucks from dealerships sold for an average of $76,102 in March 2023, with around 455,000 miles.
Finally, Zach mentions that there is a vast inventory of used sleeper trucks with higher-than-normal mileage, making it an “800-pound gorilla” in the used truck market.
To learn more about America’s foremost truck buyer, contact them at 855-TRUCK20 or visit truckvin.com.
If you’d like to be on the podcast, be sure to email us at buy {at} truckvin.com and put ‘Podcast’ in the subject line.
On this episode of The TruckVin.com Podcast, Zach discusses one of the issues he sees across all industries, and one of the most important things you can do in a rocky economy, following up.
Zach shares his unique insights and process on how he tracks his daily habits, which allows him to focus on the levers that matter most in his business. He also discusses why it’s not just about saying you’re going to do a specific thing but making sure you’re following up on a consistent basis.
Zach also discusses current events in the trucking industry and the steps you can take as a business owner to make sure you’re following up consistently, standing out from your competition, and tracking progress toward your goals.
In times like what we’re in now, where the economy feels a bit rocky, this is the perfect opportunity to double down and stand out because your competitors may be pulling back on marketing dollars or sales staff. Now is your time to get more of the market share.
For more information or to get a quote for your truck, visit: TruckVin.com.
What goes up, must come down.
In 2022 we saw historically high rates for used trucks, fee rates, etc, many companies in the transportation industry made a lot of money. However, as we close out the first quarter of 2023, we’re seeing a steep decline in numbers throughout the industry, including freight rates with no end in near sight.
In today’s episode of the TruckVin.com Podcast, CEO Zach Ellis breaks down some of the current data in the industry, and the average numbers as the first quarter of the year closes out. He talks about some of the big moves made in the industry, including Knight Swift’s buyout of U.S. Express. He talks about how the number used semi trucks for sale has nearly doubled in the last six months, and what you need to do to stay alive in an industry where companies are shutting down quickly.
He also talks about recent trends he is seeing in the industry with companies quickly trying to sell trucks and get bids, and why honesty and loyalty will always be a key factor.
Link to the video of the SVB Collapse: https://youtu.be/IQsu_CDhhv8
For more information or to get a quote for your truck, visit: TruckVin.com
When it comes to establishing a relationship with a bank, what are the most important things they’ll want to know?
In this episode of the TruckVin.com podcast, Zach Ellis interviews Kellie Mingori, who has worked in the finance industry for 20 years. Kelly talks about her upbringing in a small town in Iowa, where her father was a radio DJ and her mother was a beautician. She also reflects on not getting to experience life outside her small town until she was 19
Kellie shares her story of starting at a modest beginning, but how her sense of family drove her values and desire to give back. She talks about how giving her brother one of her kidneys when she was just 19, helped to change her focus on life.
This experience inspired Kellie to pursue a career in finance. After starting at the bottom, she worked her way up to become an equipment finance partner at Webster Bank. She now helps others to achieve financial success by providing valuable insight into the trucking industry.
Kellie also offers great advice on what every trucking company should know when they’re working with a bank, and the questions they’re going to ask in determining whether or not they should create a business relationship with you or not. She also discusses why you should be prepared for the hard questions, not because they’re trying to be intrusive, but because they want to understand all areas of your business so they know you’re not set for just right now, but you can also weather any storms that may come your way. She also wants business owners to be on the same page for the awareness of risks that they’re both taking when beginning a relationship. They must be willing to craft different solutions for each client, as each situation is unique.
To connect with Kellie, visit her on LinkedIn at: https://www.linkedin.com/in/kellie-mingori-0b3a9522/
With a potential recession looming, there’s one thing that we will always be able to count on, and that’s seeing semi-trucks on the road.
However, as companies move in and out of the industry, what do you do with the trucks you may need to sell?
In this episode of the TruckVin.com podcast, Zach is joined by Strategic Buyer Rochelle Molina. Rochelle talks about why she wanted to bring her sales expertise to the world of transportation. Rochelle talks about why her job is so much more than offering money for a truck and why having an in-depth knowledge of the industry is so crucial for success.
She also talks about what a day in the life looks like for a strategic buyer, and why getting in before everyone else is a huge advantage for her. She also talks about why she has such an And as always, she offers some of the best advice she has ever received.
Join Zach Ellis n this episode of the TruckVin.com Podcast as he breaks down recent prices for freight and other trucking industry news. Zach also discusses how used truck prices continue declining and what that means for those looking to sell their used trucks.
Zach also discusses new truck pricing and why being sold out is still helping hold the used truck pricing. However, once supply chain catches up, sellers may find themselves upside down on inventory.
Daimler Truck North America (DTNA), a subsidiary of Daimler Truck, also unveiled its Freightliner SuperTruck II in Las Vegas on February 1, 2023. The Super Truck’s goal is to reduce emissions from on-road freight transportation. Zach talks about this new truck and his predictions of when he’ll start seeing this as an option for a used truck purchase.
The transportation industry has been on a roller coaster, with resale costs skyrocketing, fuel prices fluctuating, and supply chain issues that never seem to disappear. However, as rocky as it’s been, Mike Gardecki believes the future is still extremely bright.
Mike is an experienced and established Used Truck Manager and is a Buyer and Wholesaler with 27 years in the commercial used truck sales industry. He also sits on the board of the Used Truck Association.
Mike joins Zach in this episode of The TruckVin.com Podcast to discuss the current state of the industry and how things have drastically shifted since last year. He also talks about the types of trucks that are in higher demand, some of the challenges he’s finding as larger companies are s becoming competitors, and what he’s looking most forward to in the future.
They also discuss the Used Truck Association and how he’s seen it grow from 77 people to several hundred. Plus, he talks about why this is such a valuable resource for those in the transportation industry.
So you’ve got the next big idea for a business, but is it an investable idea? Is it something you should even pursue?
In this episode of The TruckVin.com Podcast, Zach welcomes co-hosts of the Winning Strategies Playbook Podcast, Megan Linder and James Pederson, and they’re talking all things starting and building a business, whether your goal is to keep it small or get funding and build the next great idea.
James is a relator, entrepreneur, and real estate investor and is currently in a hyper-growth stage in his company, Stacks Property Services. Megan works in venture capital as a deal scout, specifically in the healthcare industry, and matches companies with potential VC funding.
Megan and James offer insight into what it really takes to be an entrepreneur and when venture capital funding may be the right fit. They also talk about growth, why ‘overnight’ successes never tend to be accurate, and why not every person is meant to be an entrepreneur.
They also talk about how growth can be a tricky thing, and although we think we want massive growth, fast, oftentimes, it isn’t our best choice. Going slow and becoming great at your craft is usually the best recipe for long-term success.
When it comes to building your business, there are many meaningful business relationships you need to develop. However, only a few are as important as the relationship with your banker.
In this episode of The Truckvin.com Podcast, Zach Ellis is joined by Sr. Vice President at Origin Bank, Bill Kresser to talk about why the relationship between a banker and business owner is so important and what you should look for when selecting a bank.
Bill also talks about why the size of a bank matters when you’re starting to shop, as you want to make sure they’re small enough that they are willing to take your call when you need them to and work out a plan together. However, you also want to make sure that they’re big enough to handle the large deals that may happen in a short amount of time.
They also discuss the relationship aspect and what qualities business owners should look for when talking to potential bankers. This should be a relationship that goes both ways, and both parties are growing together. Plus, Bill talks about what keeps him motivated and how he structures his day and routines to make sure every day is as successful as he a make it.
2022 was a roller coaster of a year in the transportation industry, and there’s a lot of speculation as to what will happen in 2023. Although we may not have that crystal ball, we can promise that we’ll be here every single step of the way. After an incredible year last year, we’re kicking off 2023 with a lot of exciting news at TruckVin.com.
Our team is still growing, and if you’re looking for opportunities, we would love to have you join our team. Or if you’re looking to sell your truck, then make sure you visit, TruckVin.com and submit your truck, and we’ll provide an offer good for seven days.
We also welcome you to this podcast, where you can expect a show to drop every Tuesday. Get the inside scoop on the transportation industry, growing your own company, and what it takes to make it to the top 1%. Listen and follow us on your favorite podcast channel.
TruckVin is America’s Foremost Truck Buyer! As a trusted partner to thousands of fleets across the nation, you can rest assured we’re professionals when it comes time to divest your assets.
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