Used Class 8 truck price appreciation was prevalent in January sales in the retail and wholesale channels, according to ACT Research.
The sole weak spot was the month-over-month change in auction results, according to ACT's State of the Industry: U.S. Classes 3-8 Used Trucks. Strength in pricing is once again attributed to soft volumes.
"Despite January's results, we expect year-over-year pricing growth will continue to slow over the longer term," reports Steve Tam, vice president-commercial vehicle sector with ACT. "We believe that as more new trucks are purchased and trade-ins ultimately become available as used trucks, availability of inventory will take the pressure off pricing."
The sole weak spot was the month-over-month change in auction results, according to ACT's State of the Industry: U.S. Classes 3-8 Used Trucks. Strength in pricing is once again attributed to soft volumes.
"Despite January's results, we expect year-over-year pricing growth will continue to slow over the longer term," reports Steve Tam, vice president-commercial vehicle sector with ACT. "We believe that as more new trucks are purchased and trade-ins ultimately become available as used trucks, availability of inventory will take the pressure off pricing."
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