Preliminary Used Class 8 Volumes in October Recover from September Loss
Preliminary used Class 8 volumes (same dealer sales) reversed course again in October, rising 10% m/m and offsetting September’s 10% decline, according to the latest preliminary release of data from ACT Research. The report also indicated used Class 8 same dealer sales volumes rose 9% year-over-year. Average mileage dropped 1% and average age declined 2% from a year ago.
“Analysis of the individual market channels revealed that all three segments (auction, retail and wholesale) posted month-over-month gains, up 81%, 5%, and 2%, respectively,” said Steve Tam, Vice President at ACT Research. He continued, “Longer term, the retail and auction markets rose 21% and 3% on a year-over-year basis, with the wholesale market contracting 21% by comparison.”
Regarding prices, Tam added, “The average used Class 8 selling price recorded a sixth straight month above the trend reading. On a yearly basis, prices continue to enjoy meaningful growth.”
ACT’s Classes 3-8 Used Truck Report provides data on the average selling price, miles, and age based on a sample of industry data. In addition, the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).
Category: Featured, General Update, News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
