Pricing for used trucks slips again in March, ACT reports
As more new trucks are purchased, more trade-ins ultimately become available. Growing inventories of used trucks should take some of the upwards pressure off pricing, says ACT Research.
The Trucker News Services
COLUMBUS, Ind. – Used Class 8 truck pricing slipped for the second consecutive month in March, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“Prices are not likely to keep falling, but rather, will grow at a slower rate,” said Steve Tam, vice president-commercial vehicle sector with ACT. “We are basing this projection on the assumption that as more new trucks are purchased, more trade-ins ultimately become available. Growing inventories of used trucks should take some of the upwards pressure off pricing.”
THE RECENT INCREASE IN FREIGHT VOLUME MEANS NEW JOB OPPORTUNITIES ON GOTRUCKERS.COM. CLICK HERE FOR MORE DETAILS.
The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEM’s.
ACT is publishes new and used commercial vehicle 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.
Kevin Jones of The Trucker staff can be reached for comment at email@example.com.
Find more news and analysis from The Trucker, and share your thoughts, on Facebook.