According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks report published by ACT Research, used Class 8 truck pricing slipped for the second consecutive month in March. However, Steve Tam, ACT’s vice president-- commercial vehicle sector, said that “prices are not likely to keep falling, but rather, will grow at a slower rate.
“We are basing this projection on the assumption that as more new trucks are purchased, more trade-ins ultimately become available,” he pointed out, adding that “growing inventories of used trucks should take some of the upwards pressure off pricing.”
The report 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, go to the company’s web site: http://www.actresearch.net
ACT is a worldwide publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market as well as the U.S. tractor-trailer market and the China CV market. ACT noted its CV services are used by all major North American truck and trailer manufacturers and their suppliers as well as the banking and investment community.