Thursday, January 18, 2018

October used heavy truck sales up 7% for month and year, ACT reports


Wednesday, November 23, 2016
by THE TRUCKER NEWS SERVICES

“Used trucks continue to be oversupplied, which is holding down prices,” ACT Vice President Steve Tam said. “Some buyers still have concerns about emissions systems and the costs of maintaining them, which is, in turn, hurting the sales of late model used trucks.”
“Used trucks continue to be oversupplied, which is holding down prices,” ACT Vice President Steve Tam said. “Some buyers still have concerns about emissions systems and the costs of maintaining them, which is, in turn, hurting the sales of late model used trucks.”

 COLUMBUS, Ind. — October used Class 8 truck sales increased 7 percent from the previous month, transportation analyst firm ACT Research reported November 22, making up a large chunk of an 11 percent decrease in September.

“Looking at the long term, volumes were also up 7 percent year-over-year compared to October 2015,” said Steve Tam, ACT’s vice president. “Year-to-date totals are just 2 percent below the comparable time period in 2015.”

The current used truck market favors hesitant buyers, while dealers report low sales and declining prices, Tam said.

“Used trucks continue to be oversupplied, which is holding down prices,” he said. “Some buyers still have concerns about emissions systems and the costs of maintaining them, which is, in turn, hurting the sales of late model used trucks.”

The report from ACT provides data on the average selling price, miles, and age based on a sample of industry data, ACT reported.  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); Volvo Trucks and Mack (Volvo).

 

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

 

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