ACT: Used Class 8 Truck Same Dealer Sales Climb in August
SEP 27, 2017 - 7:14 am
Class 8 same dealer used truck sales volumes gained some ground in August, following two consecutive months of declines, according to the latest data from ACT Research.
“Channel analysis indicates that August was the second-best sales month this year,” said Steve Tam, vice president at ACT Research. “The retail and wholesale market segments fared well, posting gains of 11% and 19% month over month, respectively.”
The average price of total reported used Class 8 trucks fell 3% sequentially in August, erasing July’s 2% gain.
“After several months of fluctuation within a very narrow band, the average price has moved to a slight downward trend,” Tam said. “At $38,600 in August, it was the lowest point since early 2011.”
There is no doubt you’re aware that California, the bastion of financial rules and regulations (and my home state), has once again enacted legislation affecting equipment leasing and finance. And because it is the country’s most populous state and largest... read more
As we continue to navigate the COVID-19 pandemic, many smaller equipment finance companies may not have access to the same level of information upon which larger industry players rely. Our guest editors suggested we ask several Monitor 100 companies to... read more