Report: Used Class 8 March volumes build on February gain
May 1, 2014
The volume of used Class 8 trucks sold in March rose 8 percent above February’s volume, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
The volume of used Class 8 trucks sold in March rose 8 percent above February’s volume, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“The volume gain was expected, since sales usually gain through March or April before slowing for the summer months,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT. Tam said that growth came from the auction and wholesale markets, while the retail market contracted. Meanwhile pricing foundered in March, experiencing its first sequential drop in six months. “Although prices remained stronger on a year-over-year basis, a spate of older, higher mileage units took its toll, at least in the short run,” said Tam.
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 www.actresearch.net.
Learn how electronic parking brake actuators have replaced manual systems and now play a key role in advanced safety features like automatic emergency braking. This WIYB Training...
Not all fuel injectors are created equal. In this WIYB Training Series, we compare Standard® Fuel Injectors against OE, low-cost imports. See why precision engineering and rigorous...
Carrying active OEM subscriptions for all manufacturers is not possible for many shops. However, access to this software is required for certain modern vehicles and repairs, and...
Learn how to properly lubricate your AIRCAT air tools to keep them running at peak performance. Discover essential daily maintenance and storage techniques, along with the right...
Voice Your Opinion!
To join the conversation, and become an exclusive member of Vehicle Service Pros, create an account today!
