REPORT: Used Class 8 Truck Prices UP 12%, Volume DOWN 6%
Little Rock, Arkansas – Prices for used Class 8 trucks are up 12% so far in 2019, according to new analysis by ACT Research.
The average price of total used Class 8 trucks in April was up 6% month-over-month and 12% higher year-to-date, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
The report also indicated used Class 8 same dealer sales volumes fell 6% m/m and were 15% lower compared to April 2018.
On a month-over-month basis, average mileage dropped 2%, while average age was down 4%.
“While some dealers are reporting demand for used trucks continues to be strong and the market does not have enough trucks to meet demand, the frequency and degree of contrary reports is increasing,” said Steve Tam, Vice President at ACT Research.
He continued, “Following several months of slowing freight and freight rate growth, it appears the used truck market is poised at an inflection point, and although April data does not necessarily reflect a turn in the market, comments and activity during May are presumed to be an indication of the slowdown.”