X

Used truck volumes up

Jason Cannon April 26, 2013

The used truck market saw a second consecutive month of improved volumes in March.

The retail market was flat compared to February, while the wholesale market contracted. However the auction market roared back to life in March, growing 126 percent, giving the overall market a 4 percent boost month over month.

“Hopefully, lost activity and momentum in the economy due to the threat of falling off the fiscal cliff and the presidential election have subsided enough that used truck buyers will continue to increase purchases,”  Steve Tam, Vice President-Commercial Vehicle Sector with ACT, says. “However, uncertainty associated with sequestration may be the next sticking point for potential buyers.”

The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.

Poll

Do you actively capture and use customer data?

Latest

Volvo truck boss says growth in truck market emerging

Allison unveils integrated stop-start technology for ultra-low carbon powertrain program

Caterpillar engine lawsuits consolidated, new suits continue to be filed

Popular

Caterpillar engine lawsuits consolidated, new suits continue to be filed

Successful Dealer Award finalist: Truck Centers, Inc.

River States Truck and Trailer hosts Truck Beauty Contest

Successful Dealer Award

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