X

Class 8 used truck volumes recover from June swoon

Jason Cannon September 2, 2013

Volumes for used Class 8 trucks sold in July recovered from June’s sharp decline.

All three market segments – auction, retail, and wholesale – contributed to the sequential gain, with the total market improving 4 percent month-over-month.

“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 Research.

For the first half of the year, prices have slid 5 percent relative to the same period in 2012. Excessive demand for 2005-2007 trucks has fueled strong price appreciation, Tam added.

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.

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’s – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).

Poll

How would you categorize the state of your business 10 months into 2014?

Latest

NationaLease managers share best practices at annual meeting

Fuso’s Rumsey stepping down to pursue dealership role

Volvo, Mack deliveries jump in October

Popular

ATD announces nominees for Truck Dealer of the Year

Up close: CAT’s new set-forward axle CT681

CIT Group, Inc. honored by UTI

Successful Dealer Award

Click here to read about the award and see the nominees for this year's award.