Class 8 Used Truck Volumes Down, Pricing Up in April
April saw a turnaround in the trend of the prior two months in the used Class 8 truck market as volumes sank and pricing rose, according to State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research Co
Used truck prices are staying high thanks to sharp increases in the cost of new trucks. Photo by Jim Park
April saw a turnaround in the trend of the prior two months in the used Class 8 truck market as volumes sank and pricing rose, according to State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research Co.
"The average retail selling prices for a used Class 8 truck was $51,217 in April, up 8% month over month and 16% year over year," says Steve Tam, vice president-commercial vehicle sector with ACT. "The appreciation in prices supports our expectations for the longer term. We believe year-over-year pricing growth will continue, but at a slower pace, as more trade-ins become available."
The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEM's - Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo). For more information, go to www.actresearch.net
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