Used Truck Market Pricing Takes Hit, First in Two Years
COLUMBUS, IN — Gains that had been made in August, July and June in the used truck market were “all but wiped out” from weak numbers in September, reported ACT Research.
“Class 8 unit sales declined 17 percent month-over-month and remained well below pace for other time period comparisons,” said Steve Tam, vice president-Commercial Vehicle Sector with ACT.
“Pricing took its first negative year-over-year hit in two and one-half years in September. However, the retail market saw a decline of only 1 percent. That flat performance gives hope that September’s results are not the beginning of a trend.”
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