The average selling price of total reported Class 8 used trucks continued to hold up better than expected in August, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“For the first seven months of this year, prices were down only 4% relative to the same period in 2012,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT. “As retail sales of new trucks have improved, younger trucks with fewer miles are making their way into the used truck arena. Because these trucks have more usable economic life, they are also bringing higher prices,” he added.
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). For subscription information to the full report, please go to our web site at http://www.actresearch.net.
ACT is the worldwide leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community.
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September is typically the second weakest order month of the year for Class 8, so modest activity was expected.