Used Class 8 Truck Volumes and Mileage Down

Used Class 8 truck metrics continued to be mixed in January, according to ACT Research.

“Keeping with the seasonal trend of weak early-year sales, used Class 8 truck volume fell 25% m/m in January, an 18% y/y contraction,” said Steve Tam, ACT’s Vice President-Commercial Vehicle Sector.

“Total used truck Classes 3-8 sales were down 11% y/y compared to January 2015, with retail and wholesale markets declining, while the auction market posted a significant gain on a year-over-year basis,” added Tam.

“Dealers have reported falling used truck values and increasing used truck inventory levels; supply is outpacing demand and pulling used truck prices down. Tam continued, “Average mileage of used Class 8 trucks in January was up 2% on a m/m basis, but remained lower year-over-year. Average age of used Class 8 trucks, on the other hand, rose sharply month-over-month, with a 4% increase when compared to January 2015.”

Category: General Update