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Replacement tire marketer TBC Corp., has named Aaron Murphy vice president of commercial truck tire sales, the company announced.
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Analysts at the NADA Used Car Guide say commercial-truck wholesale auction volume dropped "dramatically" during November, while incoming fourth quarter sales data appeared to look stronger than expected.
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Both retail sales and prices at the wholesale level rose the most in months during November, according to two separate economic reports released on Friday. These will join other numbers that will be considered in a few days when the Federal Reserve considers an interest rate hike.
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While a recent good unemployment report led some to speculate the Federal Reserve will raise interest rates at year-end, new numbers released Friday remind us there's more to the equation.
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Retail sales in the U.S. barely moved higher last month -- about half what many analysts were expecting. With wholesale prices falling the most in eight months. there's more speculation on what will happen with interest rates.
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Gains on the retail side of the used truck market were offset by decreases in the auction and wholesale markets.
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The amount of activity at the nation’s factories, mines and utilities turned in its best performance in eight months during July, according to a new Federal Reserve report on Friday.
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Prices at the wholesale level in November gave up all the gains made the month before, led by declining energy costs, while consumers in the U.S. are feeling better than they have in many years.
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Retail sales in the U.S. during September stumbled a bit, marking the first month-to-month decline since January, while a separate report shows there is no reason for concern about inflationary pressures.
Read More →Prices at the wholesale level rose 0.4% in June from the month before, according to new U.S. Labor Department figures, following a 0.2% decline in May and a 0.6% advance in April.
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