ACT Research announces February preliminary Class 8 same dealer used truck retail sales volumes built on January’s strength, adding 12% month over month, the company published in its latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks report.
Pricing was mostly stable from January but down slightly from February 2024.
“The market easily outperformed historical seasonality, which called for an increase of 6% month over month,” says ACT Vice President Steve Tam. “Gains in preliminary auction activity were muted, up 2.2% from January. Moving in the opposite direction, wholesale transactions contracted 4.9% year over year. Altogether, February preliminary sales strengthened 7.9% month over month.”
“The gain is a testament to the stalwart nature of truckers, but also somewhat counterintuitive considering all the economic and political uncertainty they are currently facing,” Tam adds.
