X

Used truck market falls in April

Jason Cannon May 29, 2013

Torpedoed by a 33 percent drop in the auction segment, the used class 8 truck market fell 5 percent in April, according to ACT Research.

Retail sales rose 2 percent while wholesale jumped 19 percent.

Steve Tam, vice president, Commercial Vehicle Sector for ACT, says dealers continue to report low inventory as one of their greatest challenges, “especially for late model, low-mileage equipment with desirable specifications.”

Additionally, many dealers say buyers are reluctant to invest in used trucks with 2007 EPA compliant engines.

“Eventually, buyers will have no choice but to make the switch,” he says.

Poll

Do you actively capture and use customer data?

Latest

Fifth wheel service can add a new dimension to your service department

Tech, industry changes driving big changes in equipment trade cycles

Bruckner Truck Sales holds ground breaking for new location

Popular

Technicians Wanted Part IV: Dealers compete to recruit, develop diesel techs

Cleaning up a dirty job

DPF cleaning tips

Successful Dealer Award

Click here to read about the award and see the nominees for this year's award.