Used truck volumes slip in October

COLUMBUS, Ind. -- Reported volumes of used Classes 3-8 truck sales slipped back into negative territory in October, after enjoying a recovery in September, according to a report from ACT Research.

ACT officials say scarce inventory and sustained demand may be the cause.

"Despite continued improvement on the new truck sales side, along with repeated assurances that carriers are not expanding their fleets, expected trade-ins have yet to provide any relief to the growing equipment shortage," said Steve Tam, vice-president, commercial vehicle sector, with ACT.

"Special programs in the late 1990s and early 2000s that lured traditional used truck buyers into new truck purchases are no longer in effect, so the demand for used equipment continues to expand."

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Used truck volumes recover in September: ACT report

COLUMBUS, Ind. -- Reported volumes of used Classes 3-8 truck sales recovered in September after an extended summer slump, according to a report published by ACT Research. Volumes were mixed on a channel-by-channel basis, falling in the retail market, but gaining ground in the auction and wholesale markets, according to the report.

"The majority of this month's sequential improvement can be attributed to a very solid month in the auction segment," said Steve Tam, vice-president, commercial vehicle sector with ACT. "The average selling price for total used Classes 3-8 fell month over month. Average age continues to be the most consistent, least volatile of all the metrics measured. Both age and mileage numbers are expected to increase throughout 2011."

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