Used trucks

December used sales confirm year over year slump
ACT Research announced Thursday in its latest State of the Industry used truck report that used Class 8 retail sales volumes totaled 245,000 units last year, a 7.5 percent drop from the 265,000 units sold in 2021.
January 26, 2023
ACT Research used truck matrix
Dealer used truck demand picked up in December
The used truck market might not be cooking like it was a year ago, but December's industry data shows things might not be as bad as they seem in all sections of the market.
January 15, 2023
ACT Research December 2022 used truck sales report
Finding the right auction type to move your used inventory
As used truck prices fall, dealers are considering auctions as a way to dispose of trucks that are no longer viable as retail units. Selecting thee right auction type can go a long way toward maximizing a unit's value.
December 30, 2022
Group of trucks prepared for sale with Ritchie Bros.
Used market volumes down nearly 20 percent
ACT Research confirmed the November dip in the retail used truck market last week.
December 25, 2022
Freightliner on the highway
J.D. Power says Class 8 retail was weak in November, auction pricing stable
Since the market correction began in the first quarter, trucks with 400,000 miles or less have barely lost any value, says Chris Visser, senior analyst and product manager, commercial vehicles.
December 16, 2022
Number of trucks retailed per dealership rooftop.
Retail used truck pricing officially trending negative year over year
“The average retail used truck price has descended into negative year over year territory for the first time since August 2020. Welcome to the new normal,” says Steve Tam, vice president, ACT Research.
December 16, 2022
Class 8 used truck heat map for November 2022
Used Class 8 sales drop 19 percent in October
“Same dealer retail sales of used Class 8 trucks fell in September, shedding 19% m/m,” says Steve Tam, vice president at ACT Research. He continued, “Used truck sales typically see a moderate increase in October, relative to September."
November 23, 2022
Used Heat Map 11 23 22
Used market correction continues as pricing gulf expands
The pricing dichotomy between late-model, low-mileage trucks and all other equipment expanded in October as the used truck market continues its course correction to historical norms, J.D. Power reports in its November Commercial Truck Guidelines report.
November 17, 2022
Trucks driving over hill and down highway
Used market volume contraction continues
Retail sales volumes continued their downswing in October, ACT Research announced Tuesday.
November 15, 2022
ACT Research used truck chart
Used truck market contraction likely in 2023
The next few months could be a tough stretch for the used truck market, ACT Research Vice President Steve Tam shared with the industry Friday at the Used Truck Association (UTA) Convention.
November 11, 2022
ACT Research's Steve Tam
SelecTrucks introduces veterans discount program
Through SelecTrucks’ Proud to Serve program, Daimler announces former service members can receive a $5,500 discount towards qualifying purchases that can be used as a down-payment or to reduce the costs of vehicle ownership.
November 11, 2022
Daimler Truck proud to serve program
Valuation experts say used truck market segmenting into two pricing tiers
After a busy morning focused on the economy and evolving equipment technology, used truck values and depreciation rates took center stage Thursday afternoon at the 2022 Used Truck Association (UTA) Convention in National Harbor, Md.
November 11, 2022
UTA valuation panel
UTA speakers address regulatory development, new technology
In the shadow of Washington, D.C., the Used Truck Association (UTA) brought in one of trucking’s most connected people in the capitol to discuss how government regulation and intervention continues to impact the future of commercial vehicles.
November 10, 2022
Laura Perrotta
Politicians can't stop a potential recession but consumers will impact it
With the votes of Tuesday’s election still being tallied, it remains unclear which party will control Congress in January. But Dr. Chris Kuehl says no matter who is in charge one thing is clear — their campaign promises to fight inflation will go nowhere.
November 10, 2022
Dr. Chris Kuehl
Ritchie Bros. acquiring IAA to create global equipment marketplace
Ritchie Bros. Auctioneers and IAA announce they have entered into a definitive agreement under which Ritchie Bros. will acquire IAA in a stock and cash transaction valued at approximately $7.3 billion including the assumption of $1.0 billion of net debt.
November 7, 2022
Ritchie Bros. Auctioneers
Volvo, International take highest retained value honors
Retained values have been higher this year across the board for heavy and medium duty trucks, driven by supply chain issues.
October 24, 2022
Hrva
Penske expands used truck footprint
"While the majority of our used vehicle sales continue to take place online, our physical used truck centers also remain an effective channel and touchpoint with business customers," says Jack Mitchell, Penske senior vice president of Vehicle Remarketing.
October 24, 2022
Penske truck on highway
Despite slipping volumes, used truck pricing held up well in September
Same dealer retail sales of used Class 8 trucks saw a 9 percent drop in volume in September, ACT Research reported this week in its State of the Industry: U.S. Classes 3-8 Used Trucks report.
October 20, 2022
Trucks driving on highway
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Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
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