used News Updates

Sales of used Class 8 trucks in May climbed 19% as first-time buyers continued to enter the market amid a drop in inventory for sale and an upward trend in the average price, while freight rates remained strong, analysts said.

Used Class 8 truck same dealer sales volumes improved for a second consecutive month in February, according to ACT Research Co.

Used Class 8 truck same-dealer sales increased less than 10% in October compared with a year earlier, according ACT Research Co.

Craig Kendall was elected president of the Used Truck Association, the group said July 5.

Sales of used Class 8 trucks in May fell by 10% year-over-year, ACT Research Co. reported.

Used commercial vehicle transactions in 2015 rose to the second-highest level in a decade when records began, according to IHS Automotive.

With inventories at the highest level in more than a decade, used Class 8 trucks were priced lower and selling slower in January compared with a year earlier, a pattern likely to continue throughout 2016, analysts said.

Used Class 8 truck sales continued to be mixed in November, ACT Research said.

The Class 8 used-truck market in October saw mileage fall on vehicles and average pricing climb, according to industry analysts. But looking at conditions in November, other experts said prices have begun to fall as inventories mount.