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Class 8 used truck prices to appreciate in 2012, ACT reports

“Even though prices are showing volatility on a month to month basis, they continue to show solid growth for longer-term comparisons,” said Steve Tam, vice president-commercial vehicle sector with ACT. “We expect that pattern to be the norm though 2012.”

The Trucker News Services

6/27/2012

COLUMBUS, Ind. — The average retail selling price for a used Class 8 truck dropped to $48,643 in May, down 6 percent month over month, but 3 percent above the average price in May 2011. On a year-to-date basis, prices remained 13 percent above last year’s pace. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.

“Even though prices are showing volatility on a month to month basis, they continue to show solid growth for longer-term comparisons,” said Steve Tam, vice president-commercial vehicle sector with ACT. “We expect that pattern to be the norm though 2012.”

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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.

Kevin Jones of The Trucker staff can be reached for comment at kevinj@thetrucker.com.

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