Used-Truck Sales Up 10% in June: ACT

The volume of used Class 8 trucks sold in June increased 10% from May, according to the latest release of the “State of the Industry: U.S. Classes 3-8 Used Trucks,” published by ACT Research.  

The volume of used Class 8 trucks sold in June increased 10% from May, according to the latest release of the “State of the Industry: U.S. Classes 3-8 Used Trucks,” published by ACT Research.

“June’s performance was a little counterintuitive, given that sales usually slow in the summer months, “ said Steve Tam, Vice President-Commercial Vehicle Sector with ACT. “While one month does not make a trend, it is a confirmation that demand in the used truck market remains strong.”

Meanwhile, the average selling price of total reported Class 8 trucks sold in June slipped for the second month in 2014, to a record $47,345.

“Despite the short-term decline, our expectation is for price appreciation of up to 10% for 2014, with some upside risk possible,” said Tam.

The report from ACT provides data on the average selling price, miles, and age based on a sample of industry data. In addition the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).

 

 

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