Used truck volumes slip again in July

Class 8 same dealer used truck sales volumes continued to decline in July, slipping 5 percent month-over-month, ACT Research reported Friday in its State of the Industry: U.S. Classes 3-8 Used Trucks report.

“Channel analysis indicates the retail and wholesale declines were the primary drivers behind the overall market slump,” says Steve Tam, vice president at ACT Research. “Despite the sequential drop, longer term comparison puts total market volumes up 19 percent year-over-year and 20 percent year-to-date, with all three market segments contributing to the gain.”

ACT says the average price of total reported used Class 8 trucks rose 2 percent in July, and offset most of the decline experienced in June.

“The retail market held the total market price up, posting an increase of 4 percent month-over-month, while the auction and wholesale markets reported declines of 10 percent and 1 percent, respectively,” says Tam. “We expect pricing to remain at or near current levels through the second half of 2017.”

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