ACT Research: July Class 8 used trucks sales volume up 2 percent

The volume of used Class 8 trucks sold in July rose 2 percent above June’s volume, according to the latest release of the State of the Industry: U.S. Classes 3-8 used trucks, published by ACT Research.

“Year-to-date, sales are down 5 percent, but the YTD contraction in sales is getting smaller each month,” said Steve Tam, vice president-commercial vehicle sector with ACT. Tam said that the auction and retail markets both contracted month over month, but the wholesales group gained 64 percent m/m. In regard to pricing, Tam said that, “The average selling price of total reported Class 8 trucks remained at a high level, but was unremarkable compared to last month, climbing only 1 percent. However, there appears to be meaningful upside potential in our expectation of price appreciation up to 10 percent for 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).