Commercial Business

HD used truck average price sets record

Posted on February 27, 2014

The average selling price of total reported used Class 8 trucks set a record in January 2014 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 Americas Commercial Trucking (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 of 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 from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEMs: Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).

For subscription information to the full report visit http://www.actresearch.net.

Related Topics: ACT Research, Class 8 Trucks, Fleet Service, Steve Tam

Comments ( 0 )
More Stories
News

Brake Jobs Help Monro's Existing Stores Boost Sales

The fact that overall sales at Monro Muffler Brake Inc. increased in the first quarter of fiscal 2018 is hardly news. The company's aggressive approach to acquisitions helps it continually add to the sales column. But in the latest quarter, Monro's existing, comparable stores helped the bottom line, too. And that's news.  

News

Titan Will Raise Tire Prices Again

Titan International Inc. is imposing another price increase on its Titan-branded ag, industrial and construction tires made and sold in North America.

Zixin Liu, market planning director for Wanli Tire Corp., spoke at the 2017 Shanghai International Auto Show.
Article

Who Is Wanli? Industry Analyst Breaks Down the Chinese Company

Following leaks from South Carolina in early June that Orangeburg County is expecting an investment of $1 billion from a Chinese company named “Wanli,” many in the tire industry wanted to know more details. Chief among them was the question, “Who on earth is Wanli?”

The Michelin Xtra Load Protect is designed to labor on hard, flat surfaces at quarries and construction sites.
News

Michelin Streamlines Its Rigid Dump Truck Tire Lineup

Michelin North America Inc. is updating its lineup of rigid dump truck tires with two new products, the Xtra Load Grip for soft, loose or muddy ground conditions, and the Xtra Load Protect for hard, flat and dry surfaces.  

News

Firestone Is Taking Its Farm Tires To TV

Bridgestone Americas Tire Operations LLC has found an unusual way to highlight its Firestone farm tires — by making them the focus of a television show.  

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!