Used Truck Prices Rose 1% M/M in August, Downward Pricing  Expected 

The report also indicated used Class 8 same dealer sales volumes rose 19% year-over-year, while average mileage increased 4% and average age declined 3% from a year ago. When compared shorter term, same dealer sales volumes rose 17% month-over-month, ending a streak of three consecutive month-to-month declines.

“Dealers are reporting that used truck sales continue to be better in terms of number of trucks sold and for pricing,” said Brian Armstrong, Information Systems Manager. He continued, “So far, 2018 has seen very strong used truck pricing and insufficient used truck inventory to meet rising demand. This situation has led dealers to pay more for used trucks than what is considered normal.”

Individual market segments yielded mixed results last month. Armstrong explained, “Retail and wholesale channels were up month-over-month, 22% and 10%, respectively, while the auction channel fell 10%. On a year-over-year basis, retail rose 31%, but auction and wholesale markets fell, 14% and 2%, respectively. All three channels are in positive territory on a year-to-date basis.”