ACT Research says its preliminary numbers show Class 8 same-dealer sales volumes slowed in March to 3.7%, the company announced Tuesday.
Steve Tam, vice president at ACT Research, called the gain "not as robust as history suggested," but it's on the heels of stronger than anticipated growth.
"In typical fashion, auction volumes increased 50% month over month and wholesale transactions swelled 13% from February," Tam says. "March retail sales normally surpass the average month by around 9%, thanks to a 13-percentage-point increase from February. Second quarter sales tend to be pretty average, with June as the epitome of average."
ACT's "Classes 3-8 Used Truck Report" provides data on the average selling price, miles and age based on a sample of industry data. In addition, the report provides the average selling price for the top-selling Class 8 models for each of the major truck OEMs: Freightliner (Daimler), Kenworth and Peterbilt (Paccar), International (Navistar), and Volvo and Mack (Volvo).
