Used truck volumes up
Volumes for both the retail and wholesale used truck markets grew month over month in February after a rough start to 2013.
However, the auction market dropped once again.
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.
“It is interesting to note that mileage and age of used trucks did not move in sync in February. Typically mileage and age move in tandem, but in February mileage increased month over month while average age decreased,” Steve Tam, Vice President-Commercial Vehicle Sector with ACT, says. “Prices, more often than not, move in the opposite direction. With the split this month, age drove pricing.”
The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEM’s – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).