Fleet Management

May Used Class 8 Truck Sales Slide, Dealer Inventories Shrink

July 03, 2012

SHARING TOOLS        | Print Subscribe
May showed a continued decline in the availability of low-mileage used heavy-duty trucks, according to analysts with Great American Group LLC.

According to the American Truck Dealers and Used Truck associations, the average mileage for May was 560,000 miles, which is a historic high compared to a year ago, when the average mileage was 514,000 miles.

Dealers also noted a shortage of lower-priced trucks in the $25,000 to $40,000 range.

"Fleet managers are keeping trucks longer and prices for new trucks selling at $120,000 or more have slowed in 2012," says to Michael A. Petruski, executive vice president and general manager of Great American Group's Machinery & Equipment Division. "The average sales price for a used truck in May was $41,000, down from April, but 2% higher than in May 2011. The average retail price for a sleeper was $48,800 in April 2012, compared to $44,100 in April 2011."

Comment On This Story

Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.


We offer e-newsletters that deliver targeted news and information for the entire fleet industry.



The expert, Mark Betner from CITGO, will answer your questions

View All



The expert, Rence Oliphant from Hendrickson, will answer your questions

View All