used sales News Updates

The Class 8 used truck market in August reflected the trend toward improving sales as prices remained below year-earlier levels, conditions that are expected to mark the full year, ACT Research reported.

Used Class 8 vehicles in July were, on average, younger, cost less and had about the same mileage compared to a year earlier, ACT Research reported.

Sales volume and prices of used Class 8 trucks were substantially down in November, according to ACT Research.

Motor carriers that typically purchase new trucks sometimes find themselves in situations where it is expedient to buy used trucks.

The price of the average used Class 8 vehicle in October skidded, as did estimated industry sales, with each falling 19% compared with a year earlier, ACT Research reported.

Sales of used Class 8 trucks under $50,000 continued to fall during July, which helped drive up the average sales price, but at the same time underscored certain buyers have exited the market, according to ACT Research.

The average used Class 8 truck brought a higher sales price in May than in the same month a year earlier, but with inventories gradually building and growth in the freight market slowing down after last year’s boom, analysts are divided on the long-term outlook for values.

The price of the average used Class 8 truck in November rose by $8,000 to $47,675 compared with a year earlier as inventory tightened, ACT Research Co. reported, noting demand for the vehicles is slowing in some quarters.

Used truck sales rose in July, as did the average price in a hot market where finding inventory to buy or sell is a challenge, ACT Research Co. reported.

The average Class 8 truck sold in March underscored that more mileage on a younger truck need not be a detriment to a higher sales price — as the overall volume stayed in the mid-20,000 range.