ACT Research said the month of April is modestly stronger than average, so seasonal adjustment pulled orders lower Preliminary NA Classes 5-7 net orders in April fell to 7,600 units, down 69% compared to year-ago April and 50% below the March order intake. Complete industry data for April, including final order numbers, will be published […]
Volvo Financial Services is extending enhanced finance programs on the purchase or lease of model-year 2020 or 2019 Volvo trucks in stock during this time of financial uncertainty “We understand how important it is – especially during this unprecedented situation with the coronavirus – for trucking companies to maintain strong cash flow,” said Stephen Yonce, […]
ACT Research says “Dealers are reporting that there are more trucks than buyers, which is not new news” According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 same dealer sales volumes dropped just 1% month-over-month in March, with longer-term sales rising […]
To support social distancing measures related to COVID-19, customers can search through an extensive online inventory Penske has rolled out a new and improved version of PenskeUsedTrucks.com. The upgraded website includes an enhanced online experience featuring responsive, adaptive design using a state-of-the-art digital platform that makes shopping, buying and financing a used truck online easy. “I am […]
ACT Research reports freight is falling and used truck sales and prices are expected to do the same Preliminary used Class 8 volumes (same dealer sales) contracted 8% month-over-month in 2020’s third month, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. Longer-term, […]
Prices Supported by Finance and Payment Deferral Incentives from Automakers and Captive Finance Companies The valuation analysts at Kelley Blue Book reported the estimated average transaction price for a light vehicle in the United States was $37,736 in March 2020. New-vehicle prices increased $972 (up 2.6%) from March 2019, while dropped $38 (down 0.1%) from last month. “While the automotive industry and broader U.S. economy were brought […]
