Used Class 8 truck sales volumes in January 2013 were down 3% year-over-year and 6% month-over-month, according to the latest release of the State of the Industry: US Classes 3-8 Used Trucks, published by ACT Research.
“While one data point does not make a trend, longer-term softness is in line with expectations as new-truck buyers have held onto their equipment longer before trading. The net effect is older, higher-mileage trucks, which translates into lower prices,” said Steve Tam, vice-president-commercial vehicle sector with ACT. “It is now a buyers' market.”
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).
Go to www.actresearch.net for subscription information to the full report.