Used truck volume inching upward
The volume of used Class 8 trucks sold in March rose 8 percent above February’s volume, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“The volume gain was expected, since sales usually gain through March or April before slowing for the summer months,” says Steve Tam, Vice President-Commercial Vehicle Sector with ACT.
Tam adds that growth came from the auction and wholesale markets, while the retail market contracted.
Meanwhile pricing foundered in March, experiencing its first sequential drop in six months.
“Although prices remained stronger on a year-over-year basis, a spate of older, higher mileage units took its toll, at least in the short run,” says Tam.