Used truck sales volumes decrease in US as supply tightens
www.chinatrucks.com: Used truck sales in the US have slowed, according the latest data from ACT Research, but it's more to do with a lack of supply than demand.
A lack of available inventory caused sales volumes of used trucks to drop 15% in May compared to April.
In its State of the Industry: US Classes 3-8 Used Trucks report, ACT Research reported that average miles for vehicles as well as prices in the used truck market both continued to increase.
"While used inventory continues to be tight, the industry should see some relief in supply and pricing as new truck sales improve," said Steve Tam, vice-president-commercial vehicle sector with ACT. "Due to new truck buyers holding on to their equipment longer, used truck mileage continues to trend upward. Vehicle age and mileage are expected to increase throughout 2011."
Views:0
- World's First Hydrogen-Swapping Heavy Truck Unveiled 2024-08-14
- BYD T5 Trucks Boost Chefuwang’s Move to Green Logistics 2024-08-09
- Heavy Truck Sales Reach 59,000 Units in July in China 2024-08-07
- XCMG Unveils New Hydrogen Fuel Cell Heavy Truck with Over 800km Range 2024-08-01
- FOTON Delivers 50 Electric Heavy Trucks to Chile 2024-07-30
- 100 SHACMAN Electric Heavy Trucks Were Delivered to Wuhai Thermal Power Plant 2024-07-25
- XCMG Dominates 2024 with Record Sales in New Energy Heavy Trucks 2024-07-16
- China's First 900km Electric Trunk Line Begins Operation 2024-07-12
- SANY Launches Its First 300-ton Off-highway Mining Truck 2024-07-12
- FOTON Launched Two Hybrid Heavy-duty Trucks 2024-07-10
Submit Your Requirements, We Are Always At Your Service.
- Jiefang Partners with FCTS to Develop Hydrogen-Powered Car Transport Vehicles
- Farizon Auto Sets Roadmap for Global Expansion
- JMC Assembles Kaiyun Euro 5 Models in Vietnam
- SuperPanther Teams up with DHL for Sustainable Logistics
- SuperPanther Partners with Steyr Automotive to Launch Electric Heavy-Duty Trucks
- JAC Showcases T9 EV Pickup at 2024 EVA Frankfurt Electric Vehicle Expo
- Zoomlion Reports Record Overseas Revenue Growth for H1, 2024
- Madagascar President Rajoelina Visits Foton Motor
- European Premiere for Kia PBV at IAA Hannover 2024
- SAIC Maxus RV Debuts at Düsseldorf Caravan Show in Germany
- Heavy Truck Sales Reach 59,000 Units in July in China
- Tractor Sales in H1, 2024 Reached 162,100 Units, Up 4%
- China's Truck Export Reaches 351,076 Units in H1 2024
- XCMG Dominates 2024 with Record Sales in New Energy Heavy Trucks
- Mid-Year Pickup Market Report: JAC Exports Up 13%, JMC Exceed 36,000 Units
- Truck Exports in May 2024: China Exported Close to 65,000 Trucks
- Exports of Pickups Reached 22,892 Units in May
- Exports Surge by 157%! DFAC Exports 9,628 Vehicles from January to May
- China's Heavy Truck Exports Rising 58% YOY to 276,000 Units in 2023
- China Exported 507,000 Trucks from Jan.-Sept., Up 21% YoY