ACT: Used Truck Market Held Steady in May

U.S. used vehicle inventory down slightly in early June

Recent data from Cox Automotive shows used vehicle inventory levels in the United States declined slightly in early June, month-over-month, though remained relatively flat compared to a year ago.  The analysis was provided via the company’s vAuto Live Market View report, which found that the total number of unsold used vehicles numbered 2.21 million units as of June 2 — down from 2.22 million at the start of May and mostly unchanged from June 20…

ACT: Used truck market held steady in May

COLUMBUS, Ind. — May preliminary Class 8 same dealer used truck retail sales volumes decreased 1.0% m/m from April. according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. “The market moderately outperformed historical seasonality, which called for a 3% m/m decrease,” said Steve Tam, Vice president at ACT Research. “Auction sales were extremely strong, exploding 141% m/m. …