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ACT Research: Pricing Gains Suggest Used Truck Market is Robust

October 01, 2012, 07:39 AM
Filed Under: Trucking

Pricing continues to be the most interesting and watched of the used truck market metrics. In August, pricing was up for all three time period comparisons, month over month, year over year, and year-to-date over year-to-date.

Volumes also increase month over month, but remained well below pace for other time period comparisons. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.

“One positive note from August activity is that earlier concerns about excess inventory seem to have been relatively isolated and are waning,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT.

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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