ACT Research reports dip in used sales in February

ACT Research reported Wednesday in its State of the Industry: U.S. Classes 3-8 Used Trucks report that preliminary used Class 8 volumes (same dealer sales) declined moderately in last month, falling 5 percent month-over-month and erasing a portion of January’s 10 percent improvement.

The report also states longer-term comparisons yielded a 20 percent decline compared to February 2018.

Other data released in ACT’s preliminary report included year-over-year comparisons for February 2019, which showed that average prices rose 15 percent, while average miles contracted 5 percent, and average age was 3 percent higher, ACT Research says.

“Generally, low inventory and strong demand increase price, while higher supply and softer demand tend to drive prices lower. The current pricing environment and dealer commentary suggest inventory remains one of, if not the main, limiting factor inhibiting sales volumes,” says Steve Tam, ACT Research vice president.

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