Navistar is launching “Diamond Renewed,” a new used truck refurbishment program, for International units equipped with the company’s MaxxForce exhaust gas recirculation (EGR) engines that are 2010 model or newer.
David Gerrard, Navistar’s senior VP of distribution, explained “Our customers are operating on very tight lines.”
An older Class 8 truck model used to cost under $40,000, Gerrard explained. Now, only 3 or 4 years old, a Class 8 will now cost between $45,000 and $65,000. However, this is still much cheaper than buying new.
The “Diamond Renewed” program aims to provide affordable used trucks with strong vehicle uptime. Even though the trucks are used, Navistar hopes to deliver the “new truck experience.”
Following a 180-point vehicle and engine inspection process, eligible used trucks undergo refurbishment at Navistar’s Used Equipment Reconditioning Center (UERC) in Indianapolis, Ind. The center cleans or replaces diesel particulate filters and diesel oxidation catalysts, calibrates EGR software updates, checks and repairs brake systems and even conducts major body repair among other refurbishing needs. They have already reconditioned 1,200 units to “Diamond Renewed” standards.
Navistar’s effort in the used truck market is dovetailed with continued strong demand, as data tracked by ACT Research Co. indicates that the volume of used Class 8 trucks sold in June rose 10 percent above May’s volume.
“While one month does not make a trend, it confirms that demand in the used truck market remains strong,” Gerrard said.
