The used truck market experienced improved volumes for a second consecutive month in March, according to a just-released state-of-the-industry report published by ACT Research. The retail market was flat compared to February, while the wholesale market contracted.
However the auction market climbed 126 percent in March, giving the overall Class 3-8 used truck market a 4 percent boost month over month.
Concerning March’s volume, Steve Tam, vice president of ACT’s commercial vehicle sector, said, “Hopefully, lost activity and momentum in the economy due to the threat of falling off the fiscal cliff and the presidential election have subsided enough that used truck buyers will continue to increase purchases. However, uncertainty associated with sequestration may be the next sticking point for potential buyers.”