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The average sales price for a used Class 8 vehicle sold in May set the all-time record, jumping ahead of April’s claim to that title, amid the trend of strong demand for trucks once again outpacing the available supply, ACT Research reported.

The average used Class 8 truck in March brought the third-highest price ever as demand rages on and supply is very tight, ACT Research reported.

The used truck market in November generated more demand and a higher average price for a Class 8 compared with a year earlier, ACT Research reported.

The Class 8 used truck market in August reflected the trend toward improving sales as prices remained below year-earlier levels, conditions that are expected to mark the full year, ACT Research reported.

Used Class 8 vehicles in July were, on average, younger, cost less and had about the same mileage compared to a year earlier, ACT Research reported.

The year-over-year average price of a used Class 8 vehicle in June declined for the 14th consecutive month.

The price of the average Class 8 truck in January, typically the weakest sales month of the year, came close to falling below $40,000 for a fourth consecutive month, ACT Research reported.

Sales volume and prices of used Class 8 trucks were substantially down in November, according to ACT Research.

The price of the average used Class 8 vehicle in October skidded, as did estimated industry sales, with each falling 19% compared with a year earlier, ACT Research reported.

At a time of slowing freight volume and an increasingly adequate supply of power units, the average used Class 8 truck still brought a higher sales price in June than in the same month a year earlier, according to ACT Research.