Used truck market remains robust, ACT reports
In August, pricing was up for all three time period comparisons, month over month, year over year, and year to date, according to ACT Research.
The Trucker News Services
COLUMBUS, Ind. — Pricing continues to be the most interesting and watched of the used truck market metrics, says the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
In August, pricing was up for all three time period comparisons, month over month, year over year, and year to date. Volumes also increase month over month, but remained well below pace for other time period comparisons.
“One positive note from August activity is that earlier concerns about excess inventory seem to have been relatively isolated and are waning,” said Steve Tam, vice president-commercial vehicle sector with ACT.
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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.
ACT publishes new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market.
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