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Saturday, April 13, 2024

Used Class 8 Vehicle Sales Rebound in December; Prices Continue to Rise

COLUMBUS, IN – The unit volume of sales of used heavy-duty (Class 8) commercial vehicles increased 21 percent in December on a month-over month basis, according to ACT Research Co. (ACT). In the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, ACT reported that unit retail channel sales for the full-year of 2010

were up by 31 percent, followed by a 18 percent gain for the wholesale channel

and six percent for auctions. The data is based on same dealer sales from ACT’s

database of used truck dealer sales.

“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,” added Tam.

ACT Used Truck database participants report approximately 2,500 transactions per month. The company is working with additional used vehicle market participants to push the number of reported transactions significantly higher. ACT estimates that approximately 10 percent of used Class 8 transactions are currently included in the database.

The report from ACT also provides data on the average used price for the top-selling Class 8 model for each of the major truck OEM’s – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo). For subscription information to the full report, please go to our web site at http://www.actresearch.net.

ACT is the recognized leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community. For more information on ACT, please go to our web site at http://www.actresearch.net.