"The average retail selling prices for a used Class 8 truck was $51,217 in April, up 8 percent month over month and 16 percent year over year," said Steve Tam, vice president-commercial vehicle sector with ACT. "The appreciation in prices supports our expectations for the longer term," he added. "We believe year-over-year pricing growth will continue, but at a slower pace, as more trade-ins become available."

The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEMs - Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo). For subscription information to the full report, please go to the ACT Research web site.

ACT is a leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market.

Source: ACT Research