June Volumes of Used Trucks Jump 10% M/M
The volume of used Class 8 trucks sold in June rose 10% above May’s volume, according to 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,” he added.
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 provides data on the average selling price, miles, and age based on a sample of industry data and provides the average selling price for top-selling Class 8 models for each of the major truck OEM’s – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).
Category: Featured, General Update
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