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Class 8 Used Truck Volumes Down, Pricing Up in April

May 30, 2012, 07:30 AM
Filed Under: Trucking

April saw a turn-around in the trend of the prior two months in the Used Class 8 truck market, as volumes sank and pricing rose. 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.

“The average retail selling prices for a used Class 8 truck was $51,217 in April, up 8% month over month and 16% year over year,” reported Steve Tam, vice president-commercial vehicle sector with ACT. “The appreciation in prices supports our expectations for the longer term,” he added. "We believe year-over-year pricing growth will continue, but at a slower pace, as more trade-ins become available.”

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

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