Used Class 8 Pricing Slips in February: ACT
Mar 27, 2012 11:07 AM
Used Class 8 truck pricing slipped in February due to softness in the retail segment of the market, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“Our expectations for longer term pricing remain unchanged,” reported Steve Tam, vice president-commercial vehicle sector with ACT. “Prices will not necessarily fall in the long term, but their growth rate will slow. This projection is based on the assumption the availability of inventory will take the pressure off pricing as more new trucks are purchased and trade-ins ultimately become available as used trucks.”
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’s – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo). For subscription information to the full report, please go to http://www.actresearch.net.
Related content: Used Class 8 Prices Up in January
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