ACT Research: Used Truck Volumes Up Second Consecutive Month
The used truck market enjoyed a second consecutive month of improved volumes in March.
The retail market was flat compared to February, while the wholesale market contracted. However the auction market roared back to life in March, growing 126%, giving the overall market a 4% boost month over month. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
Concerning March’s volume, Steve Tam, Vice President-Commercial Vehicle Sector with ACT, commented,” Hopefully, lost activity and momentum in the economy due to the threat of falling off the fiscal cliff and the presidential election have subsided enough that used truck buyers will continue to increase purchases. However, uncertainty associated with sequestration may be the next sticking point for potential buyers.”
The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEM’s – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).
About ACT
ACT is the worldwide leading publisher of new and used commercial vehicle (CV) 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. More info at ACT Research.
Category: Cab, Trailer & Body New, Featured, General Update
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