Used truck sales drop in April

Used truck sales drop month over month

Used truck sales fell month-over-month and year-over-year in April according to ACT Research Co. This ended what had been an upward trend for used Class 8 sales so far this year. This information comes from the latest State of the Industry: U.S. Classes 3-8 Used Trucks report fromĀ ACT.

ā€œApril Class 8 used truck volumes fell by 3% month-over-monthĀ and year-over-year, ending their upward trek, while YTDĀ declines continued for a fourth consecutive month, down 4% from April 2015,ā€ said Steve Tam, ACTā€™s Vice President-Commercial Vehicle Sector. ā€œDealers are reporting that used truck sales remain below 2015 levels and inventories have risen, while used truck prices continue to drop. The average price of used Class 8 trucks improved by 4% month-over-monthĀ during the same period, but remained 8% lower when compared to April of 2015.ā€

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