The average price of total used Class 8 trucks in March was down 5 percent month over month, but remained 10 percent higher year-to-date, ACT Research announced Friday in its latests State of the Industry: U.S. Classes 3-8 Used Trucks report.
ACT Research also reports used Class 8 same dealer sales volumes rose 25 percent month over month, but were 14 percent lower compared to March 2018. On a month-over-month basis, average mileage increased 2 percent, while average age grew 3 percent, ACT Research says.
“Most dealers are reporting demand for used trucks continues to be very strong and the market does not have enough trucks to meet demand,” says Steve Tam, vice president, ACT Research. “Despite slowing freight growth and declining freight rates, interest from both small fleets and owner operators remains solid.
“For the time being, truckers are chasing waning incremental profit opportunities. However, that door is closing, confirming the impending approach of the down cycle.”
