Class 8 Used Truck Volumes Drop, Pricing Up
COLUMBUS, IN – The two month trend in the Used Class 8 truck market turned around in April, ACT Research reported, as volumes dropped and pricing rose.
“The average retail selling prices for a used Class 8 truck was $51,217 in April, up 8 percent month over month and 16 percent year-over-year,” explained Steve Tam, vice president-commercial vehicle sector with ACT.
Tam added that the appreciation in prices backs up their expectations for the long-term. “We believe year-over-year pricing growth will continue, but at a slower pace, as more trade-ins become available.”
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.