Used Class 8 truck metrics were generally in line from June to July, with average age and miles up an incremental 1 percent each. Compared to last year, average prices were up 2 percent in July and 6 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.
“Used truck sales remain strong, but some downward adjustment of used truck prices is occurring,” said Kenny Vieth, president and senior analyst with ACT. “This is not an unexpected outcome due to the strength of the new truck market and the resulting increase in trade activity.”
Vieth added, “Volumes in the retail market posted a strong 10 percent increase month over month, even as auction and wholesale markets saw declines from strong June activity.”
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).
ACT is a global publisher of new and used commercial vehicle industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China commercial vehicle market.