April Used Class 8 Truck Sales Flat M/M; Average Price Increased

Despite short-term stability, used Class 8 truck sales volumes were up 10% year-to-date, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.

The report also indicated that the average price of total used Class 8 trucks rose 2% y/y, while average mileage fell 1% y/y and the average age of used Class 8 trucks dropped 4% compared to the same time in 2017.

“Dealers are reporting that the used truck market has moved from being steady to rolling along quite well,” said Steve Tam, Vice President at ACT Research. He continued, “This is good news for OEMs, suppliers, finance companies, and dealers alike.”

Individual market segments yielded mixed results in April. Tam explained, “The retail market segment fell 3% month-over-month, while the auction and wholesale segments posted increases of 1% and 9%, respectively. On a year-over-year basis, however, all three market channels were in double-digit positive territory. Looking forward, we expect volumes to lose some steam as spring progresses, but for full-year totals to remain at or near current levels.”

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