COLUMBUS, IN - Used heavy truck prices in the U.S. during May took a break from their increasing pace. Commercial vehicle data provider Act Research reports the average cost in April experienced a leveling off, in keeping with the trend of flattening age and mileage, coming in just shy of US$50,000.Compared to April, the average price is up eight percent from last year, with the gains in line for ACT's expectations of five percent to 10 percent price growth in 2015 in the Class 8 sector.
Total reported sales volumes of used Class 8 trucks fell to 2,496 units in May, down 11 percent month-over-month, but up three percent year-over-year.
"Volume softening can be seen in the retail and wholesale markets, with month over month declines of 12 percent and 14 percent, respectively," said Steve Tam, vice president, commercial vehicle sector with Act Research. "Auction transactions saw a nine percent increase month over month, eight percent above volumes from May 2014. Our guidance for full year 2015 sales remains unchanged."