COLUMBUS, IN – Total reported volumes of used Class 8 trucks rose 6% month over month and 4% year over year in September, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“Year-to-date, sales remain down 4%,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT, “but given the inventory constraints the industry has been dealing with for the past several years, the September year-to-date figures are encouraging.”
Tam said that the average selling price of total reported Class 8 trucks hit a new high in September. “Given the stronger than expected pricing performance, we have increased our guidance on price expectations to a gain of 10-15% for 2014,” he said.
The report from ACT provides data on the average selling price, miles, and age based on a sample of industry data. In addition the report provides the average selling price for top-selling Class 8 models for each of the major truck OEM’s – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo). For subscription information to the full report, please go to our web site at http://www.actresearch.net.
ACT is the worldwide leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community. For more information on ACT, please visit http://www.actresearch.net.