Trends flatten for used Class 8 truck volumes, pricing, age in 2015; mileage also down

Jan. 27, 2016

Used Class 8 truck metrics continued to be mixed in December 2015, according to the latest release of the State of the Industry: US Classes 3-8 Used Trucks, published by ACT Research.

Average mileage of used Class 8 trucks was up slightly month over month in December, but remained down by 6% year over year. For the total year, pricing and age were flat compared to 2014, while mileage declined 8%.

“December unit sales rebounded from November, but were flat year-to-date relative to the same period in 2014,” said Steve Tam, ACT’s vice-president-Commercial Vehicle Sector. “Age trends remained flat month over month in December, while pricing fell 1% month over month. Year-over-year, prices were down 6% compared to last December. Dealers are reporting demand for used trucks is slowing, which means that dealers will be reducing prices to move the used trucks.”

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).