Used Truck Prices Still Increasing, Trailer Orders Ease
COLUMBUS, IN - Used heavy truck prices in the U.S. during May took a break from their increasing pace. Commercial vehicle data provider Act Research reports the average cost in April experienced a leveling off, in keeping with the trend of flattening age and mileage, coming in just shy of US$50,000.Compared to April, the average price is up eight percent from last year, with the gains in line for ACT's expectations of five percent to 10 percent price growth in 2015 in the Class 8 sector. Total reported sales volumes of used Class 8 trucks fell to 2,496 units in May, down 11 percent month-over-month, but up three percent year-over-year. "Volume softening can be seen in the retail and wholesale markets, with month over month declines of 12 percent and 14 percent, respectively," said Steve Tam, vice president, commercial vehicle sector with Act Research. "Auction transactions saw a nine percent increase month over month, eight percent above volumes from May 2014. Our guidance for full year 2015 sales remains unchanged."
Truck Orders Still Show Strength, Trailers Declining
COLUMBUS and BLOOMINGTON, IN - North American Class 8 truck net orders in May totaled just over 20,500 while Classes 5-7 posted 19,900 net orders, according to recent figures released by commercial vehicle industry data provider ACT Research.
Trailcon Leasing Announces Five Appointments
BRAMPTON, ON -- Trailcon Leasing Inc. this week announced several appointments at the company's new Brampton, ON head office. Mike Krell has been promoted to vice-president of sales and marketing. Since joining the company in 2000, he has held a number of sales-related positions of increasing responsibility, according to the company. In his new capacity, he will continue to service his existing accounts, acquire new business, and oversee the sales team to maximize future growth. Effective April 1, Bryan Burningham joined Trailcon as vice-president of service and operations. He will report directly to President Alan Boughton, working with the service and operations team.
Con-way Manufacturing Receives Trailer Maker Award…Again
ANN ARBOR, MI. And SEARCY, AR. - The less-than-truckload trailer manufacturing and refurbishing company owned by the trucking and logistics provider Con-way Inc. announced this week it was honored with the 2014 Plant Safety Award from the Truck Trailer Manufacturers Association (TTMA).