Total reported volumes of used Class 8 trucks climbed to 2,770 units in March, a jump of 14% month over month and 5% year-over-year, according to the latest release of the State of the Industry: US Classes 3-8 Used Trucks, published by ACT Research.
“All three markets--auctions, wholesale, and retail--gained month over month,” said Steve Tam, vice-president of commercial vehicle sector with ACT. “The downside, if there is one, is that March is usually the pinnacle of the year, so we expect volumes will soften in April.”
Slightly higher miles and flat age conspired to put downward pressure on the average selling price of total reported Class 8 trucks. Prices were 2% lower month over month.
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 OEM’s--Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).