ACT: October Class 8 Used Truck Volumes Off M/M & Y/Y

According to ACT Research’s U.S. Classes 3-8 Used Trucks report, October used class 8 truck volumes shrank 3% month-over-month and 1% year-over-year. ACT also noted that the last nine months have been relatively flat in comparison to the same period in 2014.

“Average mileage of used Class 8 trucks prolonged its diamond-in-the-rough status in October, dropping 2% month-over-month and 11% year-over-year. We expect the year-to-date mileage numbers, now 9% lower than 2014, to remain low, as the industry continues to work its way through the supply of underutilized trucks from the 2008-2010 economic downturn and as new truck buyers shorten their trade cycles,” said Steve Tam, ACT’s vice president of the Commercial Vehicle Sector.

“Conversely, the average age of U.S. Class 8 used trucks sold in October could not have been more mixed. Age fell to 90 months, a 3% month-over-month improvement,” Tam added. “Compared to October 2014, trucks were 2% older, while age remained relatively flat year-to-date. Additionally, average prices climbed 4% month-over-month, holding onto a 1% year-to-date gain for the third consecutive month.”

The report from ACT provides data on the average selling price, miles and age based on a sample of industry data.

Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.