ACT Research: Average Price of Used Class 8 Trucks Better Than Expected
Used truck dealers continue to characterize business as “good” or even better than expected, although maybe not quite as strong as they had hoped, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
Used truck prices are still looking good, despite increasing age and mileage. (Photo by Evan Lockridge)
Used truck dealers continue to characterize business as “good” or even better than expected, although maybe not quite as strong as they had hoped, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“The average selling price of total reported Class 8 trucks continues to hold up better than expected,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT. “For the first nine months this year, prices were down only 3%, relative to the same period in 2012. Earlier expectations were for price declines of between 5% and 10%,” he added.
Last month, Steve Clough, president of Arrow Truck Sales, told attendees at FTR's annual Transportation Conference that the price premium for used Class 8 trucks, while moderating, is expected to remain at a high level. This is despite the fact that the average age and mileage of available used models is expected to keep increasing, he said.
More Equipment
Aurora Rolls Out Next Generation of Driverless Trucks for Commercial Freight
Aurora's latest autonomous trucks it's rolling out with International feature lower-cost hardware designed for a million miles as the company expands commercial driverless freight operations across the U.S. Sun Belt.
Read More →
Peterbilt 589 Spotlight: A Close Look at a Custom Working Truck [Video]
There's more to this customized Peterbilt Model 589 and Great Dane refrigerated trailer than chrome and stainless (although there's plenty of that too!) A veteran driver explains the design choices and practical features behind this working truck.
Read More →
Continental Expands Retread Lineup With New ContiTread HDL 5 EP
New long-haul drive retread is designed to improve fuel efficiency, extend tread life, and lower fleets' cost per mile.
Read More →
EPA Proposal Could Ease 2027 Truck Costs and Buying Uncertainty
The proposal doesn't change the tougher NOx standard, but it would revise key implementation requirements that manufacturers say have driven up costs and complicated fleet purchasing decisions.
Read More →
Cummins, Paccar Ease DEF Derates After EPA Guidance
Updated diesel engine software gives truck operators more time to address emissions-system issues while staying compliant with EPA emissions standards.
Read More →
America at 250: How the Truck Helped Connect a Continent
America was founded on revolutionary ideas, but it was built by movement. For 250 years, the nation has depended on ever-better ways to move people, products, and prosperity across a vast continent. No machine has carried that mission further — or more faithfully — than the truck.
Read More →
Mack Unveils America 250 Tribute Truck to Celebrate Nation's Semiquincentennial
Just in time for the Fourth of July! Mack unveils a brand-new patriotic, limited-edition, red, white, and blue truck wrap.
Read More →
Enhance Fleet Performance with High-Efficiency Auxiliary Power Units
Drive sustainable cost savings while increasing driver comfort during short- and long-haul logistics operations.
Read More →
Rush Expands Gulf Coast Peterbilt Network With Louisiana Acquisition
The expanded Rush network gives fleets additional sales, service, leasing and collision repair support across Louisiana's major trucking markets.
Read More →
Photos: Shell SuperRigs Light Up Bristol Tennessee
Kenny Ziglar II of Rawlins, Wyo., captured Best of Show honors for the second consecutive year with his 2007 Peterbilt 379, nicknamed “Scrapin By,” at the 44th Annual Shell Rotella SuperRigs competition held June 25-27 at Bristol Motor Speedway in Bristol, Tenn.
Read More →