The average retail selling price for a used Class 8 truck dropped to $48,643 in May, down 6 percent month over month, but 3 percent above the average price in May 2011. On a year-to-date basis, prices remained 13 percent above last year's pace.
North America medium and heavy duty GVW Classes 5 and 6-7 commercial vehicle preliminary net orders for May were down from April as reported by ACT Research Co. Class 8 numbers, while still soft, were up from actual numbers in April.
April saw a turn-around in the trend of the prior two months in the used Class 8 truck market, as volumes sank and pricing rose. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
