Sales of used Class 8 trucks were up 4% in July over the previous month.
Sales of used Class 8 trucks were up 4% in July over the previous month, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
All three market segments, auction, retail, and wholesale, contributed to the sequential gain.
“The average selling price of total reported Class 8 trucks sold in July exhibited resilience,” said 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, he added.
The report from ACT provides data on the average used price for the top-selling Class 8 model 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.