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ACT Research: volume of used Class 8 trucks sold in May dropped 12 percent

An ACT Research official says that even though fleets and dealers are talking about expansion, they are not necessarily trading in the same number of trucks they are buying. (The Trucker file photo)

The Trucker News Services

6/26/2014

COLUMBUS, Ind. — The volume of used Class 8 trucks sold in May dropped 12 percent below April’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 drop was expected, since sales usually slow during the summer months,” said Steve Tam, vice president-commercial vehicle sector with ACT.

Tam said that even though fleets and dealers alike are now beginning to talk about fleet expansion, they are not necessarily trading in the same number of trucks that they are buying.

“The result is potential perpetuation of a lack of desirable inventory in the used truck market,” Tam said. “However, the units that are making their way into used truck inventory tend to be younger and have lower mileage than the industry has seen in a while.”

The report from ACT provides data on the average selling price, miles and age based on a sample of industry data.

Additionally,  the report provides the average selling price for top-selling Class 8 models for each of the major truck OEM’s — Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).

For subscription information to the full report, visit http://www.actresearch.net.

ACT is a worldwide publisher of 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. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community.

The Trucker staff can be reached to comment on this article at editor@thetrucker.com.

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