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ACT Research: Preliminary Used Class 8 Volumes Fall 22% Y/Y

August 19, 2019, 07:16 AM
Filed Under: Trucking

Preliminary used Class 8 volumes (same dealer sales) fell 2 percent month-over-month in July, the fourth consecutive sequential drop, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. Additionally, the report indicated longer-term comparisons yielded a 22 percent decline compared to July 2018, as well as a year-to-date drop of 18 percent.

Other data released in ACT’s preliminary report included sequential comparisons for July 2019, which showed that average prices fell 4 percent, while average miles climbed 2 percent and average age was up 4 percent.

“Used truck prices are the hottest topic in the industry right now,” said Steve Tam, Vice President at ACT Research. “Many dealers are experiencing significant softening in prices, but the erosion is not uniform.”

Tam added, “Depending on a host of factors, experiences vary and a few factors that impact prices include customer, equipment specifications, location and vehicle condition.”

ACT’s Classes 3-8 Used Truck Report 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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