Total reported volumes of used Class 8 trucks fell 10% month over month and 6% year over year in August, according to the latest release of the State of the Industry: US Classes 3-8 Used Trucks, published by ACT Research.
Steve Tam, vice-president-commercial vehicle sector with ACT, said that the retail and wholesale markets both contracted month over month, but auctions gained 5% m/m. “Year-to-date, sales remain down 5%,” he said. “The average selling price of total reported Class 8 trucks remained at a high level, but was flat relative to July. There remains the real possibility of an upside surprise to our expectation of price appreciation up to 10% in 2014.”
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 OEM’s--Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo). For subscription information to the full report, please go to ACT website at http://www.actresearch.net.