Volvo, International take highest retained value honors

Randall Reilly CEO Matt Reilly is pictured with Johan Agebrand, director of product marketing for Volvo Trucks North America.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%

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

Pictured are Chat Ciesielski, vice president of Navistar's on-highway heavy duty business and Randall Reilly's Senior Vice President of Sales, Tina Hannagan.“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.”