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Record prices and higher sales defined the used Class 8 market in August, ACT Research reported.

July sales of used Class 8 vehicles, along with the average price for a heavy-duty truck, rose year-over-year again.

The average price for a used Class 8 soared to a new high for the third consecutive month as June sales climbed year-over-year amid the lowest inventory levels yet in this cycle, ACT Research reported.

SelecTrucks announced the opening of its newest location in Texas, SelecTrucks of Texarkana, on the border of Texas and Arkansas.

The average price of a used Class 8 vehicle in February rose 17.9% to nearly $50,000 compared with a year earlier, as year-over-year sales rose, too, ACT Research reported.

The average used Class 8 vehicle in January had higher mileage and sold for a little less than a year earlier, ACT Research reported, calling it an inkling of all the freight there was to haul in the second half of 2020.

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.

Class 8 used truck sales in March slipped 12%, and the average price dropped about $7,000 compared with a year earlier, ACT Research reported.

The price of the average used Class 8 truck sold in September dropped below year-ago levels for the second consecutive month as sales fell, too, ACT Research reported.

Sales of used Class 8 trucks dropped amid ongoing tight inventory in February and high demand as the average truck’s price climbed above $48,000, ACT Research Co. reported.