Pricing gains suggest used truck market is still robust
Oct 2, 2012 10:50 AM
Pricing continues to be the most interesting and watched of the used truck market metrics. In August, pricing was up for all three time period comparisons, month over month, year over year, and ytd/ytd. Volumes also increase month over month, but remained well below pace for other time period comparisons. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“One positive note from August activity is that earlier concerns about excessinventory seem to have been relatively isolated and are waning,” said SteveTam, vice-president of the commercial vehicle sector with ACT.
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