Used Class 8 truck same dealer sales volumes improved for a second consecutive month in February, according to the latest release of the State of the Industry: US Classes 3-8 Used Trucks, published by ACT Research.
“Total volumes were also higher year-over-year compared to February 2016, and year-to-date relative to the same time period last year,” said Steve Tam, ACT’s vice-president. All three market segments (auction, retail, and wholesale) contributed to the growth.
The average price of used Class 8 trucks fell month-over-month in February and year-over-year. Year-to-date, values are down compared to the same period in 2016. “We expect pricing to remain at or near current levels throughout 2017,” Tam said.
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).