According to ACT Research’s latest State of the Industry report, used Class 8 truck metrics were generally in line from June to July, with average age and miles up an incremental 1% each. Compared to last year, average prices were up 2% in July and 6% year-to-date.
“Used truck sales remain strong, but some downward adjustment of use truck prices is occurring,” said Kenny Vieth, ACT’s president and senior analyst. “This is not an unexpected outcome due to the strength of the new truck market and the resulting increase in trade activity. Volumes in the retail market posted a strong 10% increase m/m, even as auction and wholesale markets saw declines from strong June activity.”
To subscribe to the full report, which includes average selling price, miles, and age of used trucks, visit ACT’s website. For the latest industry and market data, be sure to head over to our Market Data news hub by clicking here.
