Used truck prices up, volumes down in January
Used Class 8 truck price appreciation was prevalent in January, 2012, sales in the retail and wholesale channels.
According to Americas Commercial Transportation (ACT) Research, the sole weak spot was the month-over-month change in auction results. Strength in pricing is once again attributed to soft volumes.
“Despite January’s results, we expect year-over-year pricing growth will continue to slow over the longer term,” reports Steve Tam, vice president-commercial vehicle sector with ACT. “We believe that as more new trucks are purchased and trade-ins ultimately become available as used trucks, availability of inventory will take the pressure off 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 OEM’s – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).
For additional information visit http://www.actresearch.net.