Class 8 Used Truck Volumes Down in 2014, Pricing Up
According to the latest research, total reported volumes of used Class 8 trucks improved to 2,078 units in December, rising by 8% month over month.
For total 2014, used Class 8 truck volumes were down 5%, and average miles decreased by 2%, said Steve Tam, Vice President-Commercial Vehicle Sector with ACT. “Pricing was up 18% even though the average age rose by 2%. We look for pricing to continue their growth in 2015, but at a decreasing rate.”
The report, issued by ACT Research, examines the 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).
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