Sales of used Class 8 vehicles up 55% in August

Oct. 11, 2010
Reported sales of used Class 8 commercial vehicles were up 55% in August 2010 compared with the prior year on a “same dealer” basis, according to ACT Research Co.

Reported sales of used Class 8 commercial vehicles were up 55% in August 2010 compared with the prior year on a “same dealer” basis, according to ACT Research Co. In the latest release of the State of the Industry: US Classes 3-8 Used Trucks, ACT further reported that the average price paid for a used Class 8 truck continued to move slightly higher.

“While unit sales are up year-over-year, recent months have seen flat to slightly downward sales volume as dealers have voiced concerns over a shortage of late-model inventory,” said Steve Tam, ACT vice-president–commercial vehicle sector. “As in most cases when supply tightens, prices go up. In August, the average price of a used Class 8 vehicle sold in a retail setting (excludes auctions and wholesale transactions) broke the $40,000 barrier for the first time since February of 2009.”

ACT Used Truck database participants report approximately 2,500 transactions per month. The company is working with used-vehicle market participants to push the number of reported transactions higher. ACT estimates that about 10% of used Class 8 transactions are included in the database.

The report from ACT also 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. To subscribe to the full report, go to www.actresearch.net.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...