The volume of used Class 8 trucks sold in July rose 2% above June’s volume.
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, “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 OEMs – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).
For subscription information to the full report, please go to http://www.actresearch.net.