Used truck sales climb in August

Used truck sales climb in August

used-trucks-generic

Class 8 same-dealer used truck sales volumes gained some ground in August, following two consecutive months of declines, according to ACT Research Co.

“Channel analysis indicates that August was the second best sales month this year,” said Steve Tam, vice president at ACT Research. “The retail and wholesale market segments fared well, posting gains of 11% and 19% month-over-month, respectively.”

The average price of total reported used Class 8 trucks fell 3% sequentially in August, erasing July’s 2% gain. “After several months of fluctuation within a very narrow band, the average price has moved to a slight downward trend,” said Tam. “At $38,600 in August, it was the lowest point since early 2011.”

You May Also Like

Bestpass hires new executives

The new hires are expected to help Bestpass scale service offerings and network integrations for commercial fleets and owner operators. 

logo-Bestpass-Shay-Demmons-Scott-Chao-executive-hires

Bestpass, a developer of toll management and safety solutions for commercial fleets, announced two additions to its leadership team. Bestpass welcomes Scott Chao (pictured above left), as chief marketing officer and Shay Demmons (right) as chief product officer. The company says these hires will aid in its commitment to scale service offerings and network integrations for commercial fleets and owner operators. 

Ford Trucks, Irdeto announce cybersecurity partnership

Irdeto will provide Ford Trucks with a fully managed key lifecycle management service.

ford-trucks-irdeto-logo-combo
ServiceTitan, Thumbtack integrate job management tech

The companies say this will let local service businesses manage booking requests and cut down on time toggling between platforms.

ServiceTitan-Thumbtack-logo-name-combo
TechCelerate Now awarded phase 2 contract

The program aims to reduce accidents by speeding up the trucking industry’s adoption of ADAS systems.

TechCelerate-Now-FMCSA-US-DOT
Bosch introduces RevX dispatcher optimization tool

Aiming to reduce the number of empty miles driven, Bosh says RevX enables fleets to maximize revenue by efficiently booking optimal loads.

Bosch-RevX-dispatcher

Other Posts

Commercial tire market cautiously recovering from 2023 challenges

To better understand commercial tire expectations for the remainder of the year, we spolke with Pierluigi Cumo, VP of B2B products at Michelin North America.

Michelin-truck-tires
More women, younger generations buying trucks

Understanding who is buying trucks, where they’re looking and what they’re looking for is crucial when it comes to marketing your vehicles.

Trucking-Market-Industry-Report-Generic-sales-generations-demographics
FTR: Diesel cost spikes as TCI falls in February

With a nearly 4 point fall, FTR says a spike in diesel prices is mainly to blame for the deterioration in market conditions for carriers.

FTR-Feb-TCI
FTR announces new senior rail analyst

Before FTR, Towers worked directly with Class Is, shortlines, OEMs, operators, and private equity clients as a freight rail specialist.

FTR-joseph-towers-senior-analyst-rail