COLUMBUS, Ind. — American truckers are continuing to drive strong sales of used Class 8 trucks.
Reported sales of used Class 8 trucks were up 55% in August compared to the prior year on a “same dealer” basis, ACT Research reports in its latest State of the Industry: US Classes 3-8 Used Trucks report.
ACT also found the average price paid for used trucks is edging upwards.
“While unit sales are up year-over-year, recent months have seen flat to slightly downward sales volume as dealers have voiced concerns over a shortage of late-model inventory,” said Steve Tam, vice-president, commercial vehicle sector with ACT. “As in most cases when supply tightens, prices go up. In August, the average price of a used Class 8 vehicle sold in a retail setting (excludes auctions and wholesale transactions) broke the $40,000 barrier for the first time since February of 2009.”
About 10% of used Class 8 trucks sold in the US are included in ACT’s database.
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