Total reported volumes of used Class 8 trucks fell 10% month over month and 6% year over year in August, according to the latest report published by ACT Research.
“Year-to-date, sales remain down 5%,” said Steve Tam, vice president of ACT’s commercial vehicle sector. “The average selling price of total reported Class 8 trucks remained at a high level, but was flat relative to July. There remains the real possibility of an upside surprise to our expectation of price appreciation up to 10% in 2014.”