The average retail sales price of Class 8 used vehicles sold in September increased three percent month-over-month to $42,100 according to ACT Research Co. (ACT).
In the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, ACT also reported that the number of units sold declined by 5 percent month-over-month as dealers reported tightening supply of late-model equipment.
ACT Used Truck database participants report approximately 2,500 transactions per month. The company is working with used vehicle market participants to push the number of reported transactions significantly higher. ACT estimates that approximately 10 percent of used Class 8 transactions are included in the database.
The report from ACT also 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. For more information or a subscription on the full report, visit www.actresearch.net.