Used truck volumes up
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.