COLUMBUS, Ind. — Used truck sales in the US closed 2010 on a strong note, up 21% in December compared to the previous month.
Used Class 8 retail truck sales ended the year 2010 up 31% compared to 2009, according to the latest State of the Industry: US Classes 3-8 Used Trucks report. Wholesale sales of used trucks rose 18% in the US in 2010 and auction sales of used trucks were up 6%.
The data is based on same dealer sales from ACT’s database of US used truck dealers.
“Despite a pick-up in sales volume, constricted supplies of equipment of all sizes was the main headline for 2010 and will continue to garner the spotlight in the coming year,” said Steve Tam, vice-president, commercial vehicle sector with ACT. “There should be some increase in the supply of used trucks as new Class 8 sales rebound, but the supply of late-model and low mileage units is expected to stay tight. That will allow used prices to continue to rise.”
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