ACT Research says its preliminary Class 8 same dealer used truck retail sales volumes held steady, the company says Monday.
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"Given that typical seasonality called for a decrease of 18% month-over-month, the small dip was a big win," says Steve Tam, vice president at ACT. "Preliminary auction activity declined 11% from October while wholesale transactions forged ahead 7%. Combined, sales fell 4.7% month-over-month. While it is too soon to know for certain, it is possible that fleets waiting on presidential election results may have been a part of the driving force behind better-than-expected sales volumes."
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The data was published in ACT's State of the Industry: U.S. Classes 3-8 Used Trucks. The report provides data on the average selling price, miles and age based on a sample of industry data.
