Used truck volumes recover in September
Reported volumes of used Classes 3-8 truck sales recovered in September after an extended summer slump. Volumes were mixed on a channel by channel basis, falling in the retail market, but gaining ground in the auction and wholesale markets.
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.
“The majority of this month’s sequential improvement can be attributed to a very solid month in the auction segment,” said Steve Tam, vice president-commercial vehicle sector with ACT. “The average selling price for total used Classes 3-8 fell month over month.
“Average age continues to be the most consistent, least volatile of all the metrics measured,” he added. “Both age and mileage numbers are expected to increase throughout 2011.”
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). For subscription information to the full report, visit http://www.actresearch.net.