Used truck comparisons up for July
In what may be an unprecedented event, all the month-over month comparisons – volume, price, miles, and age – for all weight groups of used trucks improved in July 2012.
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.
“Up until a few months ago, most dealers cited a lack of inventory as the primary factor holding them back from selling more units,” says Steve Tam, vice president-Commercial Vehicle Sector with ACT.
“As if on cue, meaningful amounts of inventory started showing up in some markets,” he said in regards to pricing.
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 our web site at http://www.actresearch.net.