The volume of used Class 8 trucks sold in March rose 8% from February.
The volume of used Class 8 trucks sold in March rose 8% from February, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“The volume gain was expected, since sales usually gain through March or April before slowing for the summer months,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT.
Tam said that growth came from the auction and wholesale markets, while the retail market contracted. Meanwhile pricing foundered in March, experiencing its first sequential drop in six months.
“Although prices remained stronger on a year-over-year basis, a spate of older, higher mileage units took its toll, at least in the short run,” said Tam.
The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEMs: 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.