August Used Truck Metrics Show Volumes Remain Up YTD, with Average Price, Miles and Age Down

ACT Research reports Class 8 same dealer sales volumes were up 17% year-to-date against the first eight months of 2019

According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 same dealer sales volumes were up 17% year-to-date against the first eight months of 2019, with average price, miles and age all below August 2019 ytd rates, down 15%, 1%, and 8%, respectively. Near term, the report also indicated that used Class 8 sales volumes rose, up 1% sequentially, with average price rising 5% month-over-month. Average miles and age both fell compared to July, down 1% and 3%, respectively.

“Used Class 8 same dealer sales improvements continue to be attributed to the catch-up of weakness in late spring sales, as well as being driven by better-than-expected growth in freight,” said Steve Tam, Vice President at ACT Research. He continued, “That said, the remainder of the year continues to be overshadowed by uncertainty, as businesses evolve to new sales models and small truckers enter and leave the market.” Tam added, “Based on conversations we have had with dealers this past month, it appears that the used truck market is coalescing, with a growing number of reports of increased interest, phone calls, floor traffic, and most importantly, steady sales. At its current level, there are numerous opportunities for buyers, including both truckers and truck dealers, to obtain quality trucks at very attractive price points.”

Category: Equipment, Featured, For Sale, General Update, News, Vehicles