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Class 8, the largest single segment, last year accounted for 271,000 units. 2010 was even stronger, with 320,000 Class 8 transactions.
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Used Class 8 truck sales fell to 2,239 units in January - a 12% decline from December and a 3% decline year-over-year, according to a report from ACT Research.
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Penske Used Trucks has doubled its commercial truck dealership footprint in North America, introducing centers in Dallas; metro Atlanta; and Ontario, Canada.
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While demand for used trucks is high, the supply is not keeping up, causing a decline in used truck sales from traditional retailers, but an increase in sales overall.
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Sales of used Class 8 trucks were essentially flat in October, rising by only 1% over the previous month according to an ACT Research report.
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An increase in average odometer mileage has pushed used classes 6-7 truck prices lower this year compared to last year to date as prices and volume have fallen from 2013 levels that marked a post-recession high-water mark.
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Sales for used Class 8 trucks fell by 10% in August compared with the previous month and 6% compared to last year according to a report by ACT Research.
Read More →The volume of used Class 8 trucks sold in May dropped 12% below April’s volume, according to the latest release of the "State of the Industry: U.S. Classes 3-8 Used Trucks," from commercial vehicle industry data provider ACT Research.
Read More →UPDATED -- The volume of used Class 8 trucks sold in March rose 8% above February’s volume, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
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Prices for used late model medium and heavy-duty trucks are down slightly, according to vehicle industry data provider Black Book.
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