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Used truck prices stayed relatively flat in July but remained at favorable levels compared with the same month a year ago, according ACT Research.
Read More →While the average price of used Class 8 trucks was flat in June compared to the previous month, they have risen 15% over last year.
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Recent Class 8 trade volumes have been lower than predicted, which means pricing has been more stable than expected for used trucks, according to J.D. Power & Associates.
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According to J.D. Power and Associates, higher volumes of both heavy- and medium-duty used trucks caused prices to fall off "substantially" in February.
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Following a surge in October, same-dealer used Class 8 truck sales dropped 17% in November and prices fell by 3%.
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Class 8 same dealer used truck volumes continued to climb in October, with the best month of 2017 so far, according to ACT Research.
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Used Class 8 truck same-dealer sales volumes rose by two dozen units in September, according to a report on the used commercial vehicle market from ACT Research.
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As the summer season continues, one trend is emerging for medium-duty trucks — declining auction prices, according to Black Book’s August Specialty Markets report.
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Initial weak sales figures in May prompted a weak forecast – but increased sales later delivered a strong showing as the month ended.
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Industry experts say a glut of used trucks remains on the market and, in extreme cases, some fleets actually owe more for equipment than it is now worth on the secondary market.
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