January HD Used Truck Prices Set Record

The average selling price of total reported used Class 8 trucks set a record in January at just over $44,000, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.

“Pricing for Class 8 used trucks edged up slightly m/m in January, but was meaningfully stronger than prices of a year ago, up 15%,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT.

”Based on the assumption of satisfying some of the pent up demand, prices are expected to cool slightly in 2014, ranging from flat to down 5%” he added.

The report 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).

 

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