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Used truck numbers improve in July, ACT reports

“Up until a few months ago, most dealers cited a lack of inventory as the primary factor holding them back from selling more units,” said Steve Tam, vice president-commercial vehicle sector with ACT. “As if on cue, meaningful amounts of inventory started showing up in some markets.”

The Trucker News Services

8/29/2012

COLUMBUS, Ind. — In what may be an unprecedented event, all the month-over month comparisons — volume, price, miles, and age — for all weight groups of used trucks improved in July, according to the market update in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.

“Up until a few months ago, most dealers cited a lack of inventory as the primary factor holding them back from selling more units,” said Steve Tam, vice president-commercial vehicle sector with ACT. “As if on cue, meaningful amounts of inventory started showing up in some markets.”

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The report from ACT provides data on the average used price for the top-selling Class 8 model for each of the major truck OEMs.

ACT publishes new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market.

Kevin Jones of The Trucker staff can be reached for comment at kevinj@thetrucker.com.

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