Thursday, January 18, 2018

April used Class 8 truck sales down 3 percent, year-to-date decline continues, ACT reports


Tuesday, May 24, 2016
“Dealers are reporting that used truck sales remain below 2015 levels and inventories have risen, while used truck prices continue to drop. The average price of used Class 8 trucks improved by 4 percent month-over-month during the same period, but remained 8 percent lower when compared to April of 2015," said Steve Tam of ACT Research. (The Trucker file photo)
“Dealers are reporting that used truck sales remain below 2015 levels and inventories have risen, while used truck prices continue to drop. The average price of used Class 8 trucks improved by 4 percent month-over-month during the same period, but remained 8 percent lower when compared to April of 2015," said Steve Tam of ACT Research. (The Trucker file photo)

COLUMBUS, Ind. — April Used Class 8 truck same dealer sales dropped 3 percent from March and also 3 percent from the previous April, according to a report today by transportation analyst firm ACT Research.

“April Class 8 used truck volumes … [ended] their upward trek, while year-to-date declines continued for a fourth consecutive month, down 4 percent from April 2015,” said Steve Tam, ACT’s vice president-Commercial Vehicle Sector. “Dealers are reporting that used truck sales remain below 2015 levels and inventories have risen, while used truck prices continue to drop. The average price of used Class 8 trucks improved by 4 percent month-over-month during the same period, but remained 8 percent lower when compared to April of 2015.”

The report provides data on the average selling price, miles, and age of heavy trucks based on a sample of industry data, ACT reported. ACT publishes new and used commercial vehicle (CV) industry data, market analysis and forecasting for the North American market, as well as the U.S. tractor-trailer market and the China CV market. For more information on ACT, visit actresearch.net.

The Trucker staff can be reached to comment on this article at editor@thetrucker.com.

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