Used Truck Market Suffers Weak Performance in September
September's weak performance all but wiped out the gains that had been made in the used truck market the prior three months
September's weak performance all but wiped out the gains that had been made in the used truck market the prior three months,
according to ACT Research.
The update on the used market was reported in ACT's latest release of the State of the
Industry: U.S. Classes 3-8 Used Trucks.
"Class 8 unit sales declined 17% month-over-month and remained well below pace for other time period comparisons," said Steve Tam, vice president of Commercial Vehicle Sector with ACT.
"Pricing took its first negative year-over-year hit in two and one-half years in September. However, the retail market saw a decline of only 1%. That flat performance gives hope that September's results are not the beginning of a trend."
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).
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