Class 8 same dealer used 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 percent year to date compared to same period last year,” says Steve Tam, vice president at ACT Research. “Looking at the individual market segments, the retail segment was up nine- percent month over month and 28 percent 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 five-percent. That said, prices were still three-percent lower compared to last September.
“The year-to-date deficit narrowed slightly, to seven-percent,” Tam says. “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.
For subscription information to the full report, visit http://www.actresearch.net.