ACT: The Class 3-8 used truck market fell 10 percent in July, reversing the market gain posted during June.
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Preliminary orders fell 12 percent in July from June to the lowest monthly total since September 2010.
Despite the June gain, used sales are 6 percent behind last year’s pace.
North American Class 8 truck orders are projected at 21,200 units, the 8th straight month above 20,000.
Used truck sales dropped about 15 percent in May from April, due to a lack of available inventory.
The North American Class 8 truck order backlog has risen to more than 126,000 units, a 55-month high.
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