Prices for Class 8 used trucks continued to fall in April, though some improvement in auction activity gave hope the bottom of the market is near.
Same-dealer sales were off 8% in April compared to March as the first full month of the COVID-19 pandemic ravaged the overall economy. Volumes fell 5% compared to the same month a year ago, according to ACT Research.
Month-over-month used truck prices fell 8%, ACT said.
“Our first reaction to the unit sales data was one of surprise that the market held...
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