Transport Topics

The average retail price of a used Class 8 vehicle in July inched past $90,000 to tower over the year-ago price, but it also dipped slightly from June to extend the market’s ongoing softening, ACT Research reported. July’s average retail price was $91,928 compared with $64,226 a year earlier. But it also was down 1% from June’s $92,734 — the fourth consecutive sequential decline. ACT Vice President Steve Tam said the softer demand for used trucks comes as freight rates and the economy slow. Learn more about your ad choices. Visit podcastchoices.com/adchoices