ACT Research reported Thursday in its State of the Industry: U.S. Classes 3-8 Used Trucks report that preliminary used Class 8 volumes (same dealer sales) reversed course again in November, falling month-over-month and more than offsetting October’s gain. The report also indicated used Class 8 same dealer sales volumes have dropped year-over-year, but remained stronger year-to-date.
ACT states average age was virtually unchanged, down just 1 percent year-over-year, while average miles rose 2 percent compared to November 2017. Pricing remained strong, up 12 percent year-to-date.
“Those who have been associated with the used truck market for more than a few years know that it is a cyclical market,” says Steve Tam, vice president at ACT Research. “This cycle, robust demand for new equipment has added a kicker to the used truck cycle, with some buyers opting for used trucks as a substitute to the new units that have, at times, been difficult to secure.”