ACT: U.S. Class 8 Used Truck Volumes Steady in July
AUG 26, 2015 - 6:19 am
According to ACT Research, used Class 8 used truck metrics experienced a small boost in July compared to June, with average age and miles moving up 1%. Additionally, average prices were up 2% in the month compared to the same time last year. Average prices have gone up 6% year to date.
“Used truck sales remain strong, but some downward adjustment of use truck prices is occurring,” said Kenny Vieth, president and senior analyst with ACT. “This is not an unexpected outcome due to the strength of the new truck market and the resulting increase in trade activity. Volumes in the retail market posted a strong 10% increase month-over-month, even as auction and wholesale markets saw declines from strong June activity.”
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).
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