Class 8 used truck volumes increased in June
While the average age of Class 8 used trucks was flat in June and the average miles of sold used trucks slipped 2% month-over-month, the average sale price remained strong. Prices were up 3% year-over-year. They also rose 7% year-to-date, which puts them in line for ACT’s expectations of 5-10% growth in 2015. Total reported
Trailer orders surge in June
Trailer net orders in June, at nearly 27,900 units, jumped more than 73% compared to May, according to the most recent State of the Industry: U.S. Trailers published by ACT Research Co. “Although not the strongest June on record (that was the 32K volume of June 1994), the June 2015 order surge is exceptionally early, with
Equipment leasing, finance industry confidence remains steady in July
The Equipment Leasing and Finance Foundation has released the June 2015 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $903 billion equipment finance sector. Overall, confidence in
State of the industry: 2014 recap
As we continue to see more sophisticated technology integrated into commercial vehicles, and as fleets continue to add new trucks like they have over the course of this past year, fleets have also had to update technician and driver training to bring those folks up-to-speed on the changes—and what those mean for maintenance and driving
January heavy-duty used truck average price sets record
The average selling price of total reported used Class 8 trucks set a record in January at just over $44,000, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “Pricing for Class 8 used trucks edged up slightly m/m in January, but was meaningfully