August Class 8 Used Trucks Sales Volume Slows

Total reported volumes of used Class 8 trucks fell 10% month over month and 6% year over year in August, according to the latest research.

“Year-to-date, sales remain down 5%,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT Research. Tam said that the retail and wholesale markets both contracted month over month, but auctions gained 5% m/m.

“The average selling price of total reported Class 8 trucks remained at a high level, but was flat relative to July. There remains the real possibility of an upside surprise to our expectation of price appreciation up to 10% in 2014,” he added.

Source: ACT Research

Category: General Update, Management