
ACT Research released December preliminary numbers on Wednesday, showing a 23% month-over-month surge in used truck sales volumes in the last month of 2024.
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"Looking back on 2024, measured progress seems like an appropriate description," says Steve Tam, vice president at ACT. "The used market undoubtedly outperformed typical seasonality, which called for an increase of 8% month-over-month."
Auction activity was up 47% from November and wholesale transactions were up 3.7%. One theory, ACT says, is that buyers are trying to time purchases ahead of value increases.
ACT reported the numbers in its preliminary State of the Industry: U.S. Classes 3-8 Used Trucks.