July’s Used Class 8 Sales Come Back Strong
COLUMBUS, IN – After falling hard in June, volumes for used class 8 trucks sold in July came back strong, ACT Research reported today.
ACT said that all three market segments — auction, retail, and wholesale — helped the total market improve by 4 percent month-over-month.
“The average selling price of total reported Class 8 trucks sold in July exhibited resilience,” said Steve Tam, vice president, Commercial Vehicle Sector with ACT.
“For the first half of the year, prices have slipped 5 percent relative to the same period in 2012. Excessive demand for 2005-2007 trucks has fueled strong price appreciation,” he explained.
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