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 Sales Rise 10% YTD, Prices Rise 2%

May 29, 2018, 07:15 AM
Filed Under: Trucking

Despite short-term stability, used Class 8 truck sales volumes were up 10 percent year-to-date, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. The report also indicated the average price of total used Class 8 trucks rose 2 percent year over year, while average mileage fell 1 percent and the average age of used Class 8 trucks dropped 4 percent compared to the same period in 2017.

“Dealers are reporting that the used truck market has moved from being steady to rolling along quite well,” said Steve Tam, Vice President at ACT Research. “This is good news for OEMs, suppliers, finance companies and dealers alike.”

Individual market segments yielded mixed results in April.

“The retail market segment fell 3 percent month-over-month, while the auction and wholesale segments posted increases of 1 percent and 9 percent, respectively,” Tam said. “On a year-over-year basis, however, all three market channels were in double-digit positive territory. Looking forward, we expect volumes to lose some steam as spring progresses, but 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.