Used Truck Market Picks Up, Age Drives Prices

COLUMBUS, IN— After what they are calling a “shaky start,” ACT Research reported today that the used truck market has picked up.

Both retail and wholesale markets grew month-over-month, while the auction market dipped again.

“It is interesting to note that mileage and age of used trucks did not move in sync in February. Typically mileage and age move in tandem, but in February mileage increased month-over-month while average age decreased,” said Steve Tam, vice president, Commercial Vehicle Sector , ACT. “Prices, more often than not, move in the opposite direction. With the split this month, age drove pricing,” he added.