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August’s Used Class 8 Truck Sales Up 19%; Down Only 2% for Year

September 26, 2016 By: Trucking News Staff Tags: Fleet Management, News
August’s Used Class 8 Truck Sales Up 19%; Down Only 2% for Year

Used Class 8 truck sales volumes continued to show volatility in August — yet remained on a positive trend highlighted by a 19 percent increase over July, according to analysts at ACT Research Inc.

Enhanced by that monthly increase, long-term comparisons show 2016 being off by only 2 percent year-to-date, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.

“Higher than normal late summer sales could signal truck buyers are opting to purchase used trucks over new ones,” said Steve Tam, ACT’s vice president of the commercial vehicle sector. “Strong sales were a common theme across all three market segments, with retail posting a 12 percent increase month-over-month, and wholesale and auction improving 33 percent and 59 percent month-over-month, respectively.”

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).

ACT is the worldwide leading publisher of new and used commercial vehicle industry data, market analysis and forecasting services for the North American market.