9/1/2010 Used Truck Sales Slow in July on Year-Over-Year Gain
Used truck sales fell 20 percent from June to July, but unit sales are still up on a year-over-year basis, according to ACT Research Co. In the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, ACT said used truck sales are 43 percent above 2009 on a year-to-date basis.
Average used truck prices continued to move slightly higher in July, despite a slight rise in average age and miles of sold units.
The ACT Used Truck database includes about 2,500 transactions per month and over 100,000 used truck transactions over the past decade. The company is working with used vehicle market participants to push the number of reported transactions significantly higher. ACT estimates that approximately 10 percent of used Class 8 transactions are included in the database.
In the current report, ACT has initiated trend reports for the average used price for the top-selling Class 8 model for each of the major truck OEMs - Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo.
ACT publishes new and used commercial vehicle industry data, market analysis and forecasting services for the North American market, as well as the China truck market.
Used Truck Sales Slow in July on Year-Over-Year Gain - Truckinginfo.com
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