Used truck sales finish strong first quarter

Class 8 same dealer used truck sales volumes continued to show strength in the closing month of the first quarter, increasing month-over-month with a third sequential double-digit rise, reported ACT Research Monday in the release of its latest ‘State of the Industry: U.S. Classes 3-8 Used Trucks’ report.

ACT says total volumes also showed improvement in long-term comparisons, up year-over-year when compared to last March, and year-to-date compared to the first three months of 2016.

The retail segment reported a month-over-month increase in March, ACT reports, while the auction and wholesale markets saw month-over-month, increases, too.

“From a micro perspective, all signs are pointing north with all three market segments posting sequential improvements in all time comparisons,” says Steve Tam, vice president at ACT Research. His longer term expectations aren’t as robust. “Despite year-to-date actuals, we believe 2017 used Class 8 truck sales will see a small decline from 2016. Elusive freight growth and lower new truck sales are the basis of the assumption.”

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