Reported volumes of used Classes 3-8 truck sales recovered in September after an extended summer slump, according to ACT Research’s latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks.
Volumes were mixed on a channel by channel basis, falling in the retail market, but gaining ground in the auction and wholesale markets.
“The majority of this month’s sequential improvement can be attributed to a very solid month in the auction segment,” said Steve Tam, vice president-commercial vehicle sector with ACT. “The average selling price for total used Classes 3-8 fell month over month. Average age continues to be the most consistent, least volatile of all the metrics measured,” he added. “Both age and mileage numbers are expected to increase throughout 2011.”
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 http://www.actresearch.net.