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Class 8 Used Trucks Sales Volume Up 2% in July

August 27, 2014, 06:00 AM
Filed Under: Trucking

The volume of used Class 8 trucks sold in July rose 2% above June’s volume, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.

“Year-to-date, sales are down 5%, but the YTD contraction in sales is getting smaller each month,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT. Tam said that the auction and retail markets both contracted month over month, but the wholesales group gained 64% m/m. In regard to pricing, Tam said that, “The average selling price of total reported Class 8 trucks remained at a high level, but was unremarkable compared to last month, climbing only 1%. However, there appears to be meaningful upside potential in our expectation of price appreciation up to 10% for 2014.”

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 OEM’s – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).

ACT is the worldwide leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community.

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