Volumes for used Class 8 trucks in North America slid in May, driven by the retail market declining 4 percent month-over-month, according to the latest release of the “State of the Industry: U.S. Classes 3-8 Used Trucks,” published by ACT Research.
“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 of the commercial vehicle sector with ACT, in a written statement. “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.”