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				Used iron getting more expensive, less supply: ACT
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					Posted: 
					
						Apr 27, 2011 11:34 AM
					
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					Last Updated: Mar 27, 2012 08:33 AM
				
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				<p>COLUMBUS, Ind. -- The price of used heavy trucks is still trending upward as are average miles of pre-owned vehicles in the market.</p>
<p>According to ACT Research, reported average sales prices in March 2011 increased six percent from February levels.</p>
<p>&quot;Inventory on hand continues to be very tight,&quot; said Steve Tam, vice president-commercial vehicle sector with ACT. &quot;The trend is for vehicles coming to market with higher mileage, a reaction to fleets holding on to their equipment longer.</p>
<p>&quot;Used prices will continue to rise, driven by tight availability of low-mileage and late model units.&quot; <br />
<br />
The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEMs.</p>
<p>The full report can be attained at the company's <a target="_blank" href="http://www.actresearch.net"><span style="color: rgb(51, 51, 153); ">website here</span></a>.&nbsp;</p>
			
				
				
			
				
				
			
			
			
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