U.S. Class 8 Used Truck Volumes Flat in July

Used Class 8 truck metrics were generally in line from June to July, with average age and miles up an incremental 1% each.

Compared to last year, average prices were up 2% in July and 6% YTD, according to ACT Research.

“Used truck sales remain strong, but some downward adjustment of use truck prices is occurring,” said Kenny Vieth, President and Senior Analyst with ACT.

“This is not an unexpected outcome due to the strength of the new truck market and the resulting increase in trade activity.” Vieth added, “Volumes in the retail market posted a strong 10% increase m/m, even as auction and wholesale markets saw declines from strong June activity.”

Category: Featured, General Update