Used Class 8 truck prices exceed expectations
According to Americas Commercial Trucking (ACT) Research, the average selling price of total reported Class 8 used trucks continued to hold up better than expected in August, 2013.
“For the first seven months of this year, prices were down only 4% relative to the same period in 2012,” says Steve Tam, vice president-Commercial Vehicle Sector with ACT.
“As retail sales of new trucks have improved, younger trucks with fewer miles are making their way into the used truck arena. Because these trucks have more usable economic life, they are also bringing higher prices.”
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, please go to our web site at http://www.actresearch.net.