Inventory crunch still impacting used truck market
COLUMBUS, Ind. — Despite posting a 9 percent increase from May’s lackluster sales levels, the class 3-8 used truck market continues to be impacted by a shortage of available inventory, according to ACT Research Co.
Even with this most recent improvement, on a year-to-date basis, the used market remains 6 percent behind the 2010 sales pace.
"Used truck mileage continues to edge up, in response to fleets holding onto their equipment longer," said Steve Tam, vice president-commercial vehicle sector, in a recently ACT-published State of the Industry paper.
"The market is still awaiting some relief to the shortage of sellable inventory as well as upward price pressures. Improving new truck sales will result in increased trade-ins, and should provide some relief to the market."
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