The volume of used Class 8 trucks sold in June rose 10% above May’s volume, according to the latest release of the State of the Industry: US Classes 3-8 Used Trucks, published by ACT Research.
“June’s performance was a little counterintuitive, given that sales usually slow in the summer months,” says Steve Tam, vice-president-Commercial Vehicle Sector with ACT. “While one month does not make a trend, it is confirmation that demand in the used truck market remains strong.”
Meanwhile, the average selling price of total reported Class 8 trucks sold in June slipped for the second month in 2014, to a record $47,345. “Despite the short-term decline, our expectation is for price appreciation of up to 10% for 2014, with some upside risk possible,” Tam says.