REPORT: Class 8 Used Truck Prices “Softening” As Sales Fall Again in July

Columbus, IN – Preliminary used Class 8 volumes (same dealer sales) fell 2% month-over-month in July, according to new data from trucking industry analyst ACT Research.

The dip was the fourth consecutive sequential drop.

Additionally, the report indicated that longer-term comparisons yielded a 22% decline compared to July 2018, as well as a year-to-date drop of 18%.

Other data released in ACT’s preliminary report included sequential comparisons for July 2019, which showed that average prices fell 4%, while average miles climbed 2%, and average age was up 4%.

 

According to Steve Tam, Vice President at ACT Research, “Used truck prices are the hottest topic in the industry right now.”

He continued, “Many dealers are experiencing significant softening in prices, but the erosion is not uniform.”

Tam added, “Depending on a host of factors, experiences vary and a few factors that impact prices include customer, equipment specifications, location, and vehicle condition.”

For the latest truck sales reports, click HERE.

 


LATEST TRUCK SALES NEWS

Used Class 8 Truck Orders Take Another Tumble But Prices Holding Steady

“Weak Freight Market” Leads To Weakest 6-Month Start For Class 8 Orders In Years

REPORT: “Demand For Used Trucks Is Waning,” Orders Plummet 14%

Class 8 Truck Orders Fall To Lowest Level In Almost 3 Years


FOLLOW US ON FACEBOOK & TWITTER FOR MORE TRUCKING NEWS!


If you enjoyed this article, please help us grow by sharing it. Thank you!

SHARE YOUR COMMENTS



Pin It on Pinterest

Share This