November U.S. Class 8 Used Truck Volumes Off

Used Class 8 truck metrics continued to be mixed in November. Unit sales shrank 23% m/m, despite longer term comparisons being flat to slightly up, with same dealer sales volumes gaining 4% y/y and 1% YTD relative to the same period in 2014, according ACT Research.

“Average mileage of used Class 8 trucks was essentially unchanged m/m in November, also recording a second consecutive 7% y/y decline. We expect the YTD mileage numbers, now 8% lower than 2014, to remain low, as new truck buyers have shortened their trade cycles,” said Steve Tam, ACT’s Vice President-Commercial Vehicle Sector.

Tam added, “The average age of Class 8 used trucks sold in November saw a 1% increase to 91 months, while the average price of these vehicles fell 1% m/m during the same period.”

Category: General Update