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January's Used Truck Prices Up, Volumes Slip

COLUMBUS, IN. — Used truck prices were up in January, reported ACT Research, in both the retail and wholesale channels — a strength in pricing that ACT attributes to soft volumes.

“Despite January’s results, we expect year-over-year pricing growth will continue to slow over the longer term,” reported Steve Tam, vice president-commercial vehicle sector with ACT.

“We believe that as more new trucks are purchased and trade-ins ultimately become available as used trucks, availability of inventory will take the pressure off pricing,” he added.

The only weak spot for January, ACT said, was the month-over-month change in auction results.

The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEM’s — Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).

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