Sunday, January 21, 2018

Average price of used tractor levels off in May


Thursday, June 25, 2015
Total reported volumes of used Class 8 trucks fell to 2,496 units in May, down 11 percent month-over-month. (The Trucker file photo)
Total reported volumes of used Class 8 trucks fell to 2,496 units in May, down 11 percent month-over-month. (The Trucker file photo)

COLUMBUS, Ind. — Keeping with the flattening trend seen in age and mileage, the average price of a Class 8 used tractor also experienced a leveling off compared to April, according to ACT Research.

Year-to-date prices were up 8 percent from last year with gains in line for ACT’s expectations of 5-10 percent growth in 2015.

Total reported volumes of used Class 8 trucks fell to 2,496 units in May, down 11 percent month-over-month, but up 3 percent year-over-year, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.

“Volume softening can be seen in the retail and wholesale markets, with month-over-month declines of 12 percent and 14 percent, respectively,” said Steve Tam, vice president-commercial vehicle sector with ACT. “Auction transactions saw a 9 percent increase month-over-month, 8 percent above volumes from May 2014. Our guidance for full year 2015 sales remains unchanged.”

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

In addition the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs — Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).

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

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