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

Used truck volume continues climb, prices slide

CVOC panel will look at truck trade cycle

Build your own Pete 579

Popular

A deeper look at the 5 Successful Dealer Award finalists

Kenworth of Cincinnati holds groundbreaking at new site

Penske opens third used truck store

Successful Dealer Award

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