Used truck market falls in April
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.