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Great American Group Observes Sales of Used Class Eight Trucks Slide While Dealer Inventories Shrink


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WOODLAND HILLS, CA--July 2, 2012: Analysts with Great American Group, LLC (OTCBB: GAMR), a leading provider of asset disposition, valuation and appraisal services, have seen a continued decline in the availability of low-mileage used heavy duty trucks in May.

“Fleet managers are keeping trucks longer and prices for new trucks selling at $120,000 or more have slowed in 2012”

According to the American Truck Dealers and Used Truck associations, the average mileage for May was 560,000 miles, which is a historic high compared to a year ago, when the average mileage was 514,000 miles.

Dealers also noted a shortage of lower-priced trucks in the $25,000 to $40,000 range.

"Fleet managers are keeping trucks longer and prices for new trucks selling at $120,000 or more have slowed in 2012," according to Michael A. Petruski, executive vice president and general manager of Great American Group's Machinery & Equipment Division. "The average sales price for a used truck in May was $41,000, down from April, but two percent higher than in May 2011. The average retail price for a sleeper was $48,800 in April 2012, compared to $44,100 in April 2011."

For more information about industry trends in heavy mobile equipment, download Great American Group's newest Heavy Mobile Equipment Monitor -- available on the company's website at Great American June Monitor.

For more information about asset disposition, valuation and appraisal services available through Great American Group, visit the company's website at Great American.