Class 8 truck sales were essentially flat in October, rising by only 1% over the previous month according to an ACT Research report. The regular report, titled "State of the Industry: U.S. Classes 3-8 Used Trucks," covers the entire used truck market.
“The month over month gain came from the retail market which rose 4%, but results were tempered by softer activity in the auction and wholesale segments,” said Steve Tam, vice president of the commercial vehicle sector at ACT.
Medium duty truck sales saw similarly flat sales and overall prices dropped in October due to an increase in average odometer mileage in Class 6-7.
ACT’s report provides data on average selling price, miles and age based on a sample of industry data as well as information on Class 8 models from each of the major truck OEMs.
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