Used Class 8 Truck Same Dealer Sales Up Again in September
Used class 8 same dealer truck sales volumes rose by two dozen units in September, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“Long term, the outlook is positive, with volumes up 19% year to date compared to same period last year,” said Steve Tam, Vice President at ACT Research. He continued, “Looking at the individual market segments, the retail segment was up 9% month over month and 28% year over year, but the auction and wholesale segments reported mixed results.”
The average price of total reported used Class 8 trucks marked its largest sequential increase since December 2016, rising 5%. That said, prices were still 3% lower compared to last September. “The year-to-date deficit narrowed slightly, to 7%,” noted Tam. He continued, “Channel analysis mirrored the total market results, with all three market segments reporting month-over-month increases and long-term deficits.”
The report from ACT 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: General Update, News
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