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Class 8 retail July truck sales show a 24% increase

Class 8 retail July truck sales show a 24% increase

Heavy duty Class 8 retail truck sales figures for July 2015 showed a 24% increase over the same month in 2014. The 2015 year-to-date totals for Class 8 were up 23% over the same time period in 2014. There was an 8% decrease compared to the June 2015 monthly total.

class_8_truck_sales_July_2015

 

Class 8 defined: The Class 8 truck gross vehicle weight rating (GVWR) is a vehicle with a GWVR exceeding 33000 lb (14969 kg).[2][17] These include GMC C8500 trucks as well as most tractor trailertractors, such as the Freightliner Cascadia for example, as well as single-unit dump trucks of a GVWR over 33,000 lb; such trucks typically have 3 or more axles. The typical 5-axle tractor-trailer combination, also called a “semi” or “18-wheeler”, is a Class 8 vehicle.

Used truck sales remain strong, but some downward adjustment of use truck prices is occurring,” said Kenny Vieth, President and Senior Analyst with ACT. “This is not an unexpected outcome due to the strength of the new truck market and the resulting increase in trade activity.” Vieth added, “Volumes in the retail market posted a strong 10% increase m/m, even as auction and wholesale markets saw declines from strong June activity.

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