November Used Truck Average Prices Continued to Climb M/M. Volumes, Average Miles and Age Down for the Same Time Period

ACT Research reports the number of units listed for sale has fallen to its lowest level in quite some time

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, average miles and average age all declined m/m, down 22%, 2%, and 3%, respectively, compared to October. Longer term, same dealer sales volumes were up 21% year-to-date against the first 11 months of 2019, with average price, miles and age all below November 2019 ytd rates, down 10%, 3%, and 8%, respectively.

“Conversations with dealers over the past month have ranged from the current strong market to already looking ahead in an effort to determine when volumes and prices will start moving in the other direction. For now, most concur that sales are and will remain strong into 2021,” said Steve Tam, Vice President at ACT Research. He continued, “Perhaps in anticipation of slowing year-end and winter sales, the number of units listed for sale has fallen to its lowest level in quite some time, and needless to say, this is causing some dealers concern, as they feel they are missing sales due to the lack of sufficient inventory. However, as is often the case, not all dealers are seeing the market the same. Wholesalers, and auctions to a lesser degree, are having to work harder in today’s tight market.”

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