U.S. Class 8 Used Truck Prices Flat in May, Volumes Down 11%

According to the latest research, the average price of Class 8 trucks in the U.S. in May experienced a leveling off compared to April.

Year-to-date prices were up 8% from last year. Total reported volumes of used Class 8 trucks fell to 2,496 units in May, down 11% month-over-month, but up 3% year-over-year.

“Volume softening can be seen in the retail and wholesale markets, with m/m declines of 12% and 14%, respectively,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT. “

Auction transactions saw a 9% increase m/m, 8% above volumes from May 2014.” Tam added, “Our guidance for full year 2015 sales remains unchanged.”

Category: Featured, General Update