Reported volumes of used Classes 3-8 truck sales reversed their slide into negative territory in December. The information was reported by Americas Commercial Transportation (ACT) Research.
Volumes were consistent among channels on a sequential basis. All three segments, auction - retail and wholesale - saw improvement relative to November’s activity. However, all three segments continued to lag on a year-over-year basis.
“The industry continues to look to improving new truck sales to provide some much needed relief for the used truck inventory shortage,” says Steve Tam, vice president-commercial vehicle sector with ACT. “Concerning pricing, our expectation remains unchanged. We believe year-over-year pricing growth will continue to slow. Prices will not necessarily fall, but just grow at a slower rate.”
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, please go to our web site at http://www.actresearch.net
