May Class 8 Prices ‘More of the Same Story,’ says ACT Research

COLUMBUS, IN — May saw volumes for used class 8 trucks dip slightly due to the retail market slowing four percent month over month, ACT Research reported today. Conversely, auction and wholesale segments saw month over month improvements.

“The average selling price of total reported class 8 trucks sold in May remains largely a ‘more of the same story,’” said Steve Tam, vice president-commercial vehicle sector with ACT.

“Since January, prices have stayed within a very narrow band. This pattern is driven primarily by retail activity, which comprises about 70 percent of total reported class 8 transactions so far in 2013,” he added. “Longer term softness is expected to be the order of the day.”

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