Used truck prices fell in March, but are up year-to-date

Used truck prices fell in March, but are up year-to-date

The average price of total used Class 8 trucks in March was down 5% month-over-month, but remained 10% higher year-to-date, according to the latest data from ACT Research.

some-trucks-generic

The average price of total used Class 8 trucks in March was down 5% month-over-month, but remained 10% higher year-to-date, according to the latest data from ACT Research. The report also indicated used Class 8 same dealer sales volumes rose 25% month-over-month, but were 14% lower compared to March 2018. On a month-over-month basis, average mileage increased 2%, while average age grew 3%.

“Most dealers are reporting demand for used trucks continues to be very strong and the market does not have enough trucks to meet demand,” said Steve Tam, vice president at ACT Research. “Despite slowing freight growth and declining freight rates, interest from both small fleets and owner operators remains solid. For the time being, truckers are chasing waning incremental profit opportunities. However, that door is closing, confirming the impending approach of the down cycle.”

You May Also Like

Phillips introduces Rear-Vu universal backup camera for commercial trucks

Phillips says the Rear-Vu Backup Camera offers low latency, a 170-degree wide angle and over 50 feet visibility.

Phillips-REAR-VU

Phillips Industries launched its Rear-Vu Backup Camera for the commercial trucking industry. Phillips says Rear-Vu is designed to be equipped to any trailer, and features a proprietary WiFi connection that extends more than 70 ft.

Phillips tells us Rear-Vu integrates with any ELD navigation system, with automatic over-the-air firmware updates. Additionally, the company says the camera has a 170-degree wide viewing angle, more than 50 ft. of visibility behind the trailer and ultra-low latency of less than 0.25 seconds for real-time viewing. It can also be used continuously while driving, allowing drivers to monitor traffic behind them.

Hexagon Agility, Brudeli announce CNG/RNG system integration with PowerHybrid technology

The setup enables the powertrain to switch between hybrid modes, providing flexibility for fleets to operate with different energy options.

Ford to provide charging infrastructure for city of Dallas

As part of the agreement, Dallas will install Ford Pro chargers at city worksites and use Ford Pro smart charging software.

Accelera showcases new technology at ACT Expo

“We now have over 1.5 billion miles in the field on our e-mobility products,” Amy Davis, president of Accelera, said.

ACT Expo 2024 kicks off

Day one keynote speeches came from executives at Volvo, Tesla, and more.

Other Posts

FTR: Trailer orders, production decreased in May

FTR’s numbers found a significant trailer order dropoff in May.

FTR-Trailer-Orders-1400
Hydrogen ICE battling cost, infrastructure challenges

Interact Analysis says high fuel costs and a lack of infrastructure are H2 ICE barriers, but expects the market to largely expand by 2040.

H2-ICE-Vehicle-Shipments-1
Class 8 used truck sales beat expectations with 7.4% jump in May

Based on a soft freight environment, flat freight rates and elevated borrowing costs, ACT Research was expecting to see a roughly 6% decline.

Used-Cl8-Retail-Summary-Heat-Map-May-2024-Prelim
‘We’re in a market correction,’ but there’s good news

At a press event held at its Customer Center in Dublin, Va. Volvo Trucks North America provided a trucking market update.

Volvo-event-VNL-Magnus-Koeck