Transport Topics (February 26, 2021)
Based on January sales of used Class 8 vehicles, ACT Research is projecting a 6% increase in total sales this year compared to 2020. Roughly 20,700 used Class 8’s were sold last month compared with 18,000 in the same period a year earlier. ACT Vice President Steve Tam expects demand to pick up in the coming months. In other news that reflects the demand, Ryder System announced it will purchase fleets’ used commercial vehicles in a one-for-one leasing exchange.
