Used trucks sales pick up steam after shaky start
The used truck market found solid footing in February after getting off to a shaky start at the beginning of 2013. Volumes for both the retail and wholesale markets grew month over month. However, the auction market dropped once again.
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 Americas Commercial Truck (ACT) Research.
“It is interesting to note that mileage and age of used trucks did not move in sync in February. Typically mileage and age move in tandem, but in February mileage increased month over month while average age decreased," said Steve Tam, vice president-commercial vehicle sector with ACT.
“Prices, more often than not, move in the opposite direction. With the split this month, age drove pricing.”
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 the ACT website.