The wholesale used market was the only segment to grow from 2011 to 2012, up 3%. The auction and retail markets both fell 11%.
The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“Given slow economic growth and the threat of a fiscal cliff, the results for 2012 were not bad,” said Steve Tam, vice president-Commercial Vehicle Sector with ACT. “Prices for Class 8 used trucks were also able to hang onto positive territory year-to-date,” he added.
Total reported Class 8 trucks sold in December saw a modest price increase over November.