Class 8 used truck volumes recover in July
Volumes for used Class 8 trucks sold in July, 2013, recovered from the steep decline they experienced in June. All three market segments, auction, retail, and wholesale, contributed to the sequential gain, with the total market improving 4% month over month.
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 Americas Commercial Trucking (ACT) Research.
“The average selling price of total reported Class 8 trucks sold in July exhibited resilience,” says 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.”
The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEM brands -- Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).
For subscription information to the full report, visit http://www.actresearch.net.