Some Old Inventory Ideas

Here's some ideas to help move some old inventory without taking major losses.

  • Always keep this thought in mind: the truck goes down in value, but the body does not.
  • Bodies are not permanently mounted to the chassis.
  • The more expensive the body, the harder it is to move the whole truck. Lighten the load. Put a lower cost body on the truck and blow it out without a huge loss. The lower the overall cost, the easier it is to move.

Let me give you some examples of trucks I've seen on lots recently.

Problem: A dealer had a single rear unit with an 8' service body and it was a past year model and over 500 days old. Incentives are cashed out. It is a diesel (main reason it is still there and makes it more expensive by $6k).

Solution: Take an '08 or better yet, an '09 same color with a pickup bed, have a body company switch them so that the units are re-certified. Now your old unit is about $4-5,000 less without a discount. This works because the 56" CA chassis is really a box delete pickup model, so the body company can install the bed no problem.

Problem: A 14' contractor body on an LCF. Past year model, over 500 days old.

Solution: This is not a good body choice in general for this chassis, but the good news is that this is a great chassis and the 108"CA will be a great selling feature. The rack is specially made for the LCF, but the rest of the body is fine. It needs to come off this truck and a body that makes more sense to go on. If they had a current model LCF, we could swap, but in this case, the body needs to come off and go on the ground temporarily. Next, install a 14' low cost van body, 84" height, no options. You will not reduce the cost a lot, but have a much more popular and saleable body on this chassis, so it will move much faster now. Another great choice is a landscape body. That will not reduce the cost, but raise it; however, it is a great body for this truck.

Problem: A 12' landscape dump on an F550 past year diesel. Well over 500 days.

Solution: The chassis is nice, but very expensive compared to a F350 which will do fine for this body. I would flop the landscaper onto a new F350 Gas unit and throw a plain flatbed with a hitch on the F550 and cheap sell the truck. You should make a nice profit on the landscaper now.

Problem: An F450 with an 11' service body has been around for a long, long time.

Solution: One more time, flop this body on to a new chassis out of the pool and have them put a standard flatbed with a hitch on the F450 and move it on down the road.

Problem: A past year F450 empty chassis in stock.

Solution: Empty chassis do not sell well. Do not keep empty chassis longer than two months before putting a body on it. Also, taking chassis out of the pool will get more free flooring by some manufacturers than ordering them yourself. Empty chassis are just dead weight. Put bodies that will sell on them and move the package. This includes most of your medium duty units. At least you have something to sell then.

If you have specific units you would like advice on, I'll be happy to help you on this at no cost. Call Terry at 707-434-9967 or send an email to tminion@commercialtrucksuccess.com.

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