Additionally, the report indicated that longer-term comparisons yielded a 13 percent decline compared with April 2018, as well as a year-to-date drop of 16 percent.
Other data released in ACT’s preliminary report includes year-over-year comparisons for April 2019, which showed that average prices rose 14 percent, while average miles and age were relatively flat.
“Recent conversations with market contact suggest dealers are very aware that conditions are changing. Auction and wholesale volumes, as well as pricing, are softening,” says Steve Tam, ACT vice president.
“Some used truck buyers and sellers are paying close attention, but others may be only casually aware of any looming concern. Most truckers have yet to make the leap, as signified by retail markets that are outperforming their dealer counterparts,” Tam says.
