The average retail selling price for a used Class 8 truck dropped to $48,643 in May, down 6% month-over-month, but 3% above the average price in May 2011, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
On a year-to-date basis, prices remained 13% above last year’s pace.
“Even though prices are showing volatility on a month-to-month basis, they continue to show solid growth for longer-term comparisons,” reported Steve Tam, vice president-commercial vehicle sector with ACT. “We expect that pattern to be the norm though 2012.”
The report from ACT 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, please go to our web site at http://www.actresearch.net
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