Class 8 used truck volumes recover from June swoon
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).