COLUMBUS, Ind. — While the average age of Class 8 used trucks was flat in June and the average miles of sold used trucks slipped 2 percent month-over-month, the average sale price remained strong, ACT Research said.
Prices were up 3 percent year-over-year. They also rose 7 percent year-to-date in line for ACT’s expectations of 5-10 percent growth in 2015.
Total reported volumes of used Class 8 trucks rose to 2,643 units in June, up 6 percent month-over-month, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“The used truck market continues to be strong, exhibiting high prices,” said Steve Tam, vice president-commercial vehicle sector with ACT. “Volumes in the auction and wholesale markets indicated very strong sales with increases of 113 percent and 13 percent month over month, respectively.” Tam added. “The retail market, on the other hand, remained flat month-over-month, but our guidance for full year 2015 sales remains unchanged.”
The report from ACT provides data on the average selling price, miles and age based on a sample of industry data.
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