FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


ACT Research: Used Class 8 Truck Prices Rise 3% in February Y/Y

March 28, 2018, 06:15 AM
Filed Under: Industry News

Total Class 8 used truck prices rose 3 percent year-over-year in February, but dipped 2 percent month-over-month, while average mileage was flat compared to last February and the average age was lower on a year-over-year basis, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.

“Dealers are reporting that used truck sales have strengthened,” said Steve Tam, Vice President at ACT Research. "Dealers are working harder to find used trucks to sell and the dynamics of the market have moved from an oversupplied market a year ago to one now in better shape.”

Individual market segments yielded mixed results in February.

“The retail channel volume dropped 3 percent month-over-month in February, while the auction and wholesale segments both recorded increases of 9 percent compared to the previous month,” Tam explained. “Looking forward, we expect volume to continue gaining momentum as we approach spring, supported by seasonal strength, and for full-year totals to remain at or near current levels.”

The report from ACT provides data on the average selling price, miles and age based on a sample of industry data. In addition, the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.