Used Truck Market Down in April: ACT

The used truck market was unable to book a third month of sequential improvement in April, due to a 33% contraction in the auction segment of the market, according to ACT Research’s the State of the Industry: U.S. Classes 3-8 Used Trucks.

The retail and wholesale segments rose 2% and 19%, respectively, month over month.

“Dealers continue to report scarcity of inventory as one of their greatest challenges, especially for late-model, low-mileage equipment with desirable specifications,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT. “Many dealers are also reporting that used truck buyers are reluctant to adopt trucks with 2007 EPA compliant engines. Eventually, buyers will have no choice but to make the switch.”

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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