ACT Research: Used truck sales volume up 8% for March
The volume was expected since sales go up in March and April and slow for the summer months, according to ACT Research.
The Trucker News Services
COLUMBUS, Ind. — The volume of used Class 8 trucks sold in March rose 8 percent above February’s volume, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“The volume gain was expected, since sales usually gain through March or April before slowing for the summer months,” said Steve Tam, vice president-commercial vehicle sector with ACT. Tam said that growth came from the auction and wholesale markets, while the retail market contracted.
Meanwhile, pricing foundered in March, experiencing its first sequential drop in six months.
“Although prices remained stronger on a year-over-year basis, a spate of older, higher mileage units took its toll, at least in the short run,” Tam said.
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).
ACT reported that trailer order volumes eased month-over-month in April, but large fleet commitments were still providing support, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. (ACT). Cancellations posted single-digit rates and the orderboard was the best in nearly eight years.
“The month-over-month slide in orders was in line with seasonal expectations,” said Frank Maly, director-CV transportation analysis and Research at ACT. “New order volume was 29,730 trailers, down 8 percent from March; after cancellations, net volume of 29,370 was down 2 percent.
“The six months of the 2013-14 order season generated 165,000 net trailer orders, up 22 percent year over year,” he added.
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