"All three markets – auctions, wholesale and retail – gained month over month," said Steve Tam, vice president of the commercial vehicle sector with ACT. "The downside, if there is one, is that March is usually the pinnacle of the year, so we expect volumes will soften in April."
Slightly higher miles and flat age conspired to put downward pressure on the average selling price of total reported Class 8 trucks. Prices were 2 percent lower month over month.
The report from ACT provides data on the average selling price, miles and age based on a sample of industry data. In addition, the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).
Source: ACT Research
Enjoy curated articles directly to your inbox.