Used truck sales slow in US, prices rise

Avatar photo

COLUMBUS, Ind. — Used truck sales in the US have slowed but prices are on the rise, according to the most recent data from ACT Research.

Sales of used heavy-duty Class 8 trucks declined 16% month-over-month in October, according to the latest State of the Industry: US Classes 3-8 Used Trucks report published by ACT Research.

However, the average price for units sold increased 4% month-over-month, as buyers gobbled up the limited supply of low mileage vehicles, ACT reports.

“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% month-over-month and 14% compared to October of 2009.”

Avatar photo

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.


Have your say


This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.

*