Used Class 8 same dealers sales were down 10% in June and prices remained essentially flat, but this used truck dealers say that at current levels, sales and prices are still strong, according to ACT Research.
Record-setting orders for new Class 8 trucks are apparently not creating a used-truck glut, if used-truck prices are any indication. However, the growth in prices is expected to slow.
Used truck prices stayed relatively flat in July but remained at favorable levels compared with the same month a year ago, according ACT Research.
While the average price of used Class 8 trucks was flat in June compared to the previous month, they have risen 15% over last year.
Following a surge in October, same-dealer used Class 8 truck sales dropped 17% in November and prices fell by 3%.
Class 8 same dealer used truck volumes continued to climb in October, with the best month of 2017 so far, according to ACT Research.
Used Class 8 truck same-dealer sales volumes rose by two dozen units in September, according to a report on the used commercial vehicle market from ACT Research.
Used Class 8 truck sales were mixed in October with volumes shrinking 3% from the previous month, per the latest report from ACT Research.
The number of used Class 8 trucks sold rose by 6% to 2,643 units in June, according to a report from ACT Research.
An increase in average odometer mileage has pushed used classes 6-7 truck prices lower this year compared to last year to date as prices and volume have fallen from 2013 levels that marked a post-recession high-water mark.
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