Used truck volumes recover in September: ACT report
COLUMBUS, Ind. — Reported volumes of used Classes 3-8 truck sales recovered in September after an extended summer slump, according to a report published by ACT Research. Volumes were mixed on a channel-by-channel basis, falling in the retail market, but gaining ground in the auction and wholesale markets, according to the report.
“The majority of this month’s sequential improvement can be attributed to a very solid month in the auction segment,” said Steve Tam, vice-president, commercial vehicle sector with ACT. “The average selling price for total used Classes 3-8 fell month over month. Average age continues to be the most consistent, least volatile of all the metrics measured. Both age and mileage numbers are expected to increase throughout 2011.”
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