Used Class 8 Truck Same Dealer Sales Up 22% in August
Used Class 8 truck sale volumes increased in August, following two consecutive months of declines, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“Channel analysis indicates that August was the second best sales month this year,” said Steve Tam, Vice President at ACT Research. He continued, “The retail and wholesale market segments fared well, posting gains of 11% and 19% month over month, respectively.”
The average price of total reported used Class 8 trucks fell 3% sequentially in August, erasing July’s 2% gain. “After several months of fluctuation within a very narrow band, the average price has moved to a slight downward trend,” said Tam. “At $38,600 in August, it was the lowest point since early 2011,” he concluded.
Category: Featured, General Update, News
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