According to the latest report from ACT Research, used Class 8 truck metrics continued to be mixed in March, as volumes fell 8% month-over-month and 5% year-to-date.
“Dealers continue to report falling used truck values and they believe prices will continue to fall for some time,” said Steve Tam, ACT’s vice president of the Commercial Vehicle Sector.
Used truck inventories are growing at both the OEM and dealer level, with an over-supply of late model aerodynamic fleet spec’d sleepers. Tam also noted that the average mileage of used Class 8 trucks dropped 3% month-over-moth in March, marking a second consecutive month of improvement. The average age of used Class 8 trucks remained flat and prices trended upward, although they remain lower on a year-over-year basis.
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