Class 8 Used Truck Sales Jump 14% M/M in March, Prices Down 2%

Total reported volumes of used Class 8 trucks climbed to 2,770 units in March, a jump of 14% month over month and 5 % year over year, according to the latest data from ACT Research.

“All three markets – auctions, wholesale, and retail – gained month over month,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT. “The downside, if there is one, is that March is usually the pinnacle of the year, so we expect volumes will soften in April.”

Slightly higher miles and flat age conspired to put downward pressure on the average selling price of total reported Class 8 trucks. Prices were 2% lower month over month.

Category: Featured, General Update