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, according to the latest release of the State of the Industry: US Classes 3-8 Used Trucks, published by ACT Research.
“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. Our guidance for full year 2015 sales remains unchanged.”
The report from ACT provides data on the average selling price, miles, and age based on a sample of industry data. In addition the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs--Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).