Used truck sales growth 'will be a stretch'
Used Class 8 unit sales sank 16% month-over-month in November, according to the latest "State of the Industry: U.S. Classes 3-8 Used Trucks" report from ACT Research Co.
The comparison follows a strong October for used truck sales.
"The good news is that prices in November saw a sharp increase over October and year-over-year,” says Steve Tam, vice president of the commercial vehicle sector for ACT.
“Prices were also able to hang onto positive territory year-to-date. Looking forward to 2013, prices are likely to remain elevated, though growth will be a stretch.”
The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck original equipment manufacturers -- Freightliner (Daimler Trucks North America LLC); Kenworth and Peterbilt (Paccar Inc.); International (Navistar Inc.); and Volvo and Mack (Volvo AB).
For subscription information to the full report or more information on ACT, visit www.actresearch.net. And for the latest information on new truck and trailer sales, check out these links: