COLUMBUS, Ind. — Used truck sales in the US have slowed but prices are on the rise, according to the most recent data from ACT Research.
Sales of used heavy-duty Class 8 trucks declined 16% month-over-month in October, according to the latest State of the Industry: US Classes 3-8 Used Trucks report published by ACT Research.
However, the average price for units sold increased 4% month-over-month, as buyers gobbled up the limited supply of low mileage vehicles, ACT reports.
“Tighter supplies of equipment of all sizes continue to be a boon for selling prices,” said Steve Tam, vice-president, commercial vehicle sector with ACT. “With the focus on late-model equipment, the average miles for Class 8 units sold were down 13% month-over-month and 14% compared to October of 2009.”
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