February Class 8 Used Truck Prices Set Record

According to its latest release of the State of the Industry: U.S. Class 3-8 Used Trucks, ACT Research said the average selling price of total reported used Class 8 trucks set a record for the second consecutive month in February at just over $44,400.

“Despite the record selling prices, based on the assumption of satisfying some of the pent up demand, prices are expected to cool slightly in 2014,” said Steve Tam, vice president-Commercial Vehicle Sector with ACT. Tam said that prices should range from flat to down 5%.

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