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

Waiting for a breakdown is costing you. Learn how smart preventive maintenance plans, accurate data, and cross-team coordination can protect your bottom line and boost profits...
Is your fleet ready for California's Clean Truck Check program? Our guide helps you navigate CARB compliance, avoid costly fines, and keep your trucks rolling. Learn how telematics...
Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...