COLUMBUS, IN – Used Class 8 truck prices in the US market rose in January, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
The sole weak spot was the month-over-month change in auction results.
“Despite January’s results, we expect year-over-year pricing growth will continue to slow over the longer term,” reported 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,” he added.
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
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