ACT Research: Used Truck Prices Rose 10% in 2018, With Sales Volumes Increasing 8%

Posted on 25. Jan, 2019 by in Press Releases, Used Trucks

The average price of total used Class 8 trucks sold in 2018 was up 10% compared to 2017, 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 that used Class 8 same dealer sales volumes fell 9% m/m, but rose 8% for full-year 2018. Average mileage was flat compared to 2017, while average age declined 3% in 2018.

ACT Seminar 56_162“Dealers are reporting that used truck sales continue at a very high pace, with the only immediate dark clouds being that there are not enough trucks to meet demand,” said Steve Tam, Vice President at ACT Research. He continued, “However, dealers are also cognizant of slowing freight growth and the subsequent dynamics expected to play out in the new truck market. Ultimately, the industry expects an abundance of inventory that will inevitably put downward pressure on prices.”

Analysis of the individual market segments continue to indicate mixed results. Tam explained, “The retail segment posted its first year-over-year decline since December 2016, but was up 13% year-to-date. On the other hand, the auction channel was up 8% year-over-year, but down 4% year-to-date. The wholesale segment dropped 30% year-over-year, remaining flat for full-year 2018.”

The report from ACT provides data on the average selling price, miles, and age based on a sample of industry data. In addition, the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).

 

CLICK HERE for more information about ACT’s US Used Classes 3-8 Truck Report.

ACTMarch2016-Day1_111 - Network Tweet PicACT’s 60th seminar is scheduled for March 25-27, 2019, and will feature a trucker/fleet panel, as well as discussions on near-term demand of commercial vehicles and the impacts of emerging technologies on change in the North American commercial vehicle industry.

CLICK HERE for information about Seminar #60.