The average retail sales price of Class 8 used vehicles sold in September increased 3 percent month-over-month to $42,100 according to ACT Research Co..
In the latest release of its State of the Industry: U.S. Classes 3-8 Used Trucks report, ACT also reported that the number of units sold declined by 5 percent month-over-month as dealers reported tightening supply of late-model equipment.
“Having fewer than necessary trucks of the right specifications is exacerbating the shortage of equipment and helping to drive up prices,” said Steve Tam, vice president-commercial vehicle sector with ACT. “Despite the lower number of transactions compared to August, all three used truck sales channels (auction, retail and wholesale) are well ahead of last year’s pace on a year-to-date basis. The used dealer industry remains cautiously optimistic about future prospects as freight, trucker profitability and new truck demand are improving.”
ACT Used Truck database participants report approximately 2,500 transactions per month. The company is working with used vehicle market participants to push the number of reported transactions significantly higher. ACT estimates that approximately 10 percent of used Class 8 transactions are included in the database.
Printer Friendly Version
Email This Story
Industry : Related News
10/27/2010 – Used Class 8 Prices Continue to Rise Amid Tight Supply
The average retail sales price of Class 8 used vehicles sold in September increased 3 percent month-over-month to $42,100 according to ACT Research Co….
10/27/2010 – ATA Tonnage Index Up 1.7% in September
American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 1.7 percent in September after falling a revised 2.8 percent in August….
10/26/2010 – Survey Shows Increased Demand for Class 8 Trucks in 2011
The Annual Fleet Study just completed by CK Commercial Vehicle Research shows a 47 percent increase in the number of fleets who plan new Class 8 and medium duty power unit purchases in 2011 versus those that planned orders for 2010….
10/26/2010 – Highest September Spot Market Truck Freight since 2005
TransCore’s North American Freight Index registered a 65 percent increase in spot market freight availability in September 2010, compared to the previous year….
10/22/2010 – Medium Heavy Commercial Vehicle Orders Diverge in September
September net orders of heavy-duty Class 8 commercial vehicles were 15,231, up 37 percent from September of 2009, according to ACT Research Co….
10/21/2010 – TCA Changes Position on Heavier Trucks
The Truckload Carriers Association has changed its official position on the idea of raising the federal weight limit for trucks, but it’s still not willing to go as high as the main proposal in the industry….
10/18/2010 – Class 8 Truck Sales Up For Month, YTD; Class 6 Sees Continued Surge
Truck makers sold 9,402 Class 8 trucks in September, up from 8,834 the previous month, making for 77,082 for the first nine months of the year,…
10/18/2010 – Sluggish Economy, CSA 2010 Top Trucking Concerns
The sluggishness of the economic recovery and the federal government’s new CSA 2010 enforcement program are among the top concerns facing the North American trucking industry, according to an annual survey by the American Transportation Research Institute….
10/12/2010 – ACT Cuts Medium-Duty Forecast for 2011; Heavy-Duty Forecast Remains Strong
Heavy-duty truck production is still poised for strong growth in 2011, but medium-duty truck demand is still being constrained by continuing weakness in the housing and construction sector, reports ACT Research….
10/6/2010 – Minnesota Truckers Optimistic But Intend to Hold Fleet Size Steady
Nearly two-thirds of Minnesota trucking fleets expect the Minnesota economy to grow at modest levels in 2011, according to survey results released by the Minnesota Trucking Association….
10/6/2010 – September Class 8 Orders Up
Preliminary data shows September Class 8 truck net orders up 21.6 percent over the previous month and 38.8 percent better than a year ago….
10/5/2010 – Daimler Truck Financial Sees Business Picking Up as Recession Recedes
The Great Recession was a severe test for Daimler Truck Financial. Before the downturn, DTF’s typical annual book of business ran in the neighborhood of $2 to $2.2 billion a year. In 2009, the nation’s largest truck finance company’s business dropped by almost half, to $1.2 billion….
9/29/2010 – Used Truck Sales Continue Strong Year-over-Year Gains
Sales of used Class 8 commercial vehicles were up 55 percent in August compared to the prior year on a “same dealer” basis, according to ACT Research Co….
9/27/2010 – Commercial Trailer Orders Continue Strong Year-over-Year Gains
August commercial trailer net orders were up 55 percent from August of 2009, continuing a healthy rebound from what was one of the worst years in the commercial trailer industry, according to ACT Research Co….