The average selling price of total reported used Class 8 trucks continues to hold up better than expected, according to the latest release of the State of the Industry: US Classes 3-8 Used Trucks, published by ACT Research.
“For the first 10 months of this year, prices for used Class 8 trucks were down only 2% relative to the same period in 2012,” says Steve Tam, vice-president, Commercial Vehicle Sector with ACT. “This was better than expected. Volumes were also up in October, improving 9% month over month.”
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: Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).