ACT Research reported Monday in its State of the Industry: U.S. Classes 3-8 Used Trucks report that the average price of total used Class 8 trucks in April was up 6 percent month over month and 12 percent higher year-to-date.
ACT Research also states used Class 8 same dealer sales volumes fell 6 percent month over month and were down 15 percent compared to April 2018. On a month-over-month basis, average mileage dropped 2 percent, while average age was down 4 percent.
“While some dealers are reporting demand for used trucks continues to be strong and the market does not have enough trucks to meet demand, the frequency and degree of contrary reports is increasing,” says Steve Tam, vice president, ACT Research.
“Following several months of slowing freight and freight rate growth, it appears the used truck market is poised at an inflection point, and although April data does not necessarily reflect a turn in the market, comments and activity during May are presumed to be an indication of the slowdown.”
