Second hand truck prices are rising
Used Class 8 same-dealer retail sales grew 20% month-over-month in February but were 14% lower compared to the same period in 2021. ACT’s Classes 3-8 used truck report provides data on the average selling price, miles, and age based on a sample of industry data. “Presumably, the bumps in December and January new truck production freed the logjam of trucks headed to the used truck market,” said Steve Tam, VP of ACT Research. “Tam noted that preliminary average retail used prices for Class 8 trucks have “yet to show any signs of retreat, climbing 8% month-over-month in February. Retail sales and prices for used trucks usually ebb and flow with new vehicle production and sales, not including other complicating factors.
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