Used Class 8 truck pricing ‘better than expected’
The average selling price of Class 8 trucks continues to hold up better than expected, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“For the first ten months of this year, prices for used Class 8 trucks were down only 2 percent relative to the same period in 2012,” says Steve Tam, Vice President-Commercial Vehicle Sector with ACT. “This was better than expected.”
Volumes were also up in October, improving 9 percent month over month, Tam added.
The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEMs.