Used Class 8 truck sales fall
Used Class 8 commercial vehicle sales volume has slowed in recent months, declining 16 percent month-over-month in October, ACT Research Co. said.
In its latest State of the Industry: U.S. Classes 3-8 Used Trucks, ACT also reported the average price for units sold increased 4 percent month-over-month as buyers focused on the limited supply of low-mileage vehicles available.
“Tighter supplies of equipment of all sizes continue to be a boon for selling prices,” said Steve Tam, vice president-commercial vehicle sector with ACT. “With the focus on late-model equipment, the average miles for Class 8 units sold were down 13 percent month-over-month and 14 percent compared to October of 2009.”
ACT Used Truck database participants report approximately 2,500 transactions per month. ACT estimates approximately 10 percent of used Class 8 transactions are included in the database.