Penske updates used truck website
Penske has rolled out a new and improved version of its used truck website for shopping and financing. To support social distancing measures related to COVID-19, Penske says customers can search through an extensive online inventory, speak with an expert via phone or email, and schedule a safe delivery or pick-up.
SelecTrucks, Daimler introduce new purchase program for used Freightliner Cascadia trucks
SelecTrucks and Daimler Truck Financial have introduced a pre-owned Freightliner Cascadia program offering customers the ability to purchase a late-model Cascadia truck for as little as $1,250 per month, with a 60-day deferral for the first payment. This program applies to a limited number of late-model Freightliner Cascadia trucks that have been well-maintained by some
International Truck to cover medium-duty vehicles in CPO program
International Used Truck Organization has announced its Certified Pre-Owned (CPO) Program for 2020, which has been expanded to include medium-duty vehicles. Qualifying heavy-duty units include 2016 and newer International LT and ProStar models with mileage up to 600,000 miles. Qualifying medium-duty units include 2015 and newer Cummins-powered International DuraStar models up to 300,000 miles. The
Used truck prices fell 4% on flat sales in July
The average price of total used Class 8 trucks in July dipped 4% month-over-month, while rising against longer-term comparison, up 9% year-to-date, ACT Research reports.
Used Class 8 sales fell for third consecutive month
Preliminary used Class 8 volumes (same dealer sales) fell 8% month-over-month in June, the third consecutive sequential drop, according to the latest numbers from ACT Research.
Preliminary used Class 8 volumes fell again in May
Preliminary used Class 8 volumes (same dealer sales) fell 14% month-over-month in May, the second consecutive sequential drop, according to ACT Research.
Used Class 8 sales fall in April
Preliminary used Class 8 volumes (same dealer sales) fell 5% month-over-month in April, following an uptick in March, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.
Used truck sales decline in February
Preliminary used Class 8 volumes (same dealer sales) declined moderately in February, falling 5% month-over-month and erasing a portion of January’s 10% improvement, according to the latest numbers from ACT Research. However, ACT indicated that longer-term comparisons yielded a 20% decline compared to February 2018. Other data released in ACT’s preliminary report included year-over-year comparisons
Used truck sales show slight improvement in January
Preliminary used Class 8 volumes (same dealer sales) improved moderately in January, rising 4% month-over-month, following two sequential declines, according to the latest numbers from ACT Research. However, the report indicated that longer-term comparisons yielded a 19% decline compared to January 2018. Other data released in ACT’s preliminary report included year-over-year comparisons for January 2019,
Used truck prices rose 10% in 2018, with sales volumes increasing 8%
The average price of total used Class 8 trucks sold in 2018 was up 10% compared to 2017, according to ACT Research. The report also indicated that used Class 8 same dealer sales volumes fell 9% month-over-month, but rose 8% for full-year 2018. Average mileage was flat compared to 2017, while average age declined 3%
Used Class 8 truck sales fall in December
According to the latest numbers from ACT Research, preliminary used Class 8 volumes (same dealer sales) slipped for a second consecutive month in December (-7%), marking the first time since January 2016 that same dealer sales have fallen below 2,000 units. However, the report indicated that this is not particularly concerning, in and of itself.
Used truck prices, sales volumes rose 10% YTD in November
The average price of total used Class 8 trucks in November was up 10% year-to-date, when compared to the first 11 months of 2017, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. The report also indicated used Class 8 same dealer sales volumes