For the second consecutive month, used truck sales are up across the United States as commercial truck carriers look to keep up with growing demand.
In the State of the Industry: U.S. Classes 3-8 Used Trucks report released by ACT Research, March sales were up 4 percent in month over month comparisons. That marked the second consecutive month of growth and commercial truck officials believe that growth will continue as the demand for trucking services continues to grow at historic rates.
The growth in the commercial truck industry comes at a time when the overall economy is in a time of uncertainty that is holding back other industries.
“Hopefully, lost activity and momentum in the economy due to the threat of falling off the fiscal cliff and the presidential election have subsided enough that used truck buyers will continue to increase purchases,” said Steve Tam, ACT’s Vice President-Commercial Vehicle Sector, in a press release about the report. “However, uncertainty associated with sequestration may be the next sticking point for potential buyers.”
Finding work in today’s economy can be challenging, but as truck carriers continue to invest in new and used trucks, the demand for professionally trained truck drivers will also continue to grow. Hamrick School’s CDL programs is one of the nation’s premier programs that is helping jobseekers secure a long-term career in the fast growing commercial truck industry. Even without recent growth in the housing sector, the commercial truck industry has been experiencing rapid growth for the past few years and that growth is expected to remain for several years.