Total reported volumes of used Class 8 trucks rose 6% month-over-month and 4% year-over-year in September, 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 remain down 4%,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT, “but given the inventory constraints the industry has been dealing with for the past several years, the September year-to-date figures are encouraging.”
Tam said that the average selling price of total reported Class 8 trucks hit a new high in September.
“Given the stronger than expected pricing performance, we have increased our guidance on price expectations to a gain of 10-15% for 2014,” he said.
For subscription information to the full report, please go to http://www.actresearch.net.