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Orders for Class 8 trucks moderated from the record-setting levels of this summer, but were still 21% better than a year ago, according to ACT Research, while used-truck sales improved over September. However, cancellations rose.
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Record-setting orders for new Class 8 trucks are apparently not creating a used-truck glut, if used-truck prices are any indication. However, the growth in prices is expected to slow.
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Used truck prices stayed relatively flat in July but remained at favorable levels compared with the same month a year ago, according ACT Research.
Read More →While the average price of used Class 8 trucks was flat in June compared to the previous month, they have risen 15% over last year.
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Current members of the Owner-Operator Independent Drivers Association now have access to rebates on certain new Freightliner and Western Star trucks as well as qualifying used trucks at SelecTrucks Centers.
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Recent Class 8 trade volumes have been lower than predicted, which means pricing has been more stable than expected for used trucks, according to J.D. Power & Associates.
Read More →According to J.D. Power and Associates, higher volumes of both heavy- and medium-duty used trucks caused prices to fall off "substantially" in February.
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While the end of 2017 brought a record decline in weekly depreciation for cars, volume-weighted, overall truck segment (including pickups, SUVs, and vans) values declined by 0.54% the last week of 2017, according to Black Book. This is in line with the average weekly adjustment of 0.57% over the previous four weeks.
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Following a surge in October, same-dealer used Class 8 truck sales dropped 17% in November and prices fell by 3%.
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Class 8 same dealer used truck volumes continued to climb in October, with the best month of 2017 so far, according to ACT Research.
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