Volumes for used Class 8 trucks sold in July recovered from the steep decline they experienced in June. All three market segments--auction, retail, and wholesale--contributed to the sequential gain, with the total market improving 4% month over month.
The update on the used market was reported in the latest release of the State of the Industry: US Classes 3-8 Used Trucks, published by ACT Research.
“The average selling price of total reported Class 8 trucks sold in July exhibited resilience,” says Steve Tam, vice-president-commercial vehicle sector with ACT. “For the first half of the year, prices have slipped 5% relative to the same period in 2012. Excessive demand for 2005-2007 trucks has fueled strong price appreciation.”
The report provides data on the average used price for the top-selling Class 8 model for each of the major truck OEM’s--Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo). For subscription information to the full report, please go to our web site at http://www.actresearch.net.