July Class 8 Used Trucks Sales Volume Up 2%
The volume of used Class 8 trucks sold in July rose 2% above June’s volume according to ACT Research.
“Year-to-date, sales are down 5%, but the YTD contraction in sales is getting smaller each month,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT.
Tam said that the auction and retail markets both contracted month over month, but the wholesales group gained 64% m/m.
In regard to pricing, Tam said that, “The average selling price of total reported Class 8 trucks remained at a high level, but was unremarkable compared to last month, climbing only 1%. However, there appears to be meaningful upside potential in our expectation of price appreciation up to 10% for 2014.”
Category: Featured, General Update, Management, Vehicles
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