The data was announced in the company's State of the Industry: U.S. Classes 3-8 Used Trucks report.
"Used truck buyers kept their foot on the pedal in March. The market easily outperformed historical seasonality, which called for an increase of 12% month over month," says Steve Tam, ACT Research vice president. "Auction sales were true to form, adding 44% month over month in typical third month of the quarter fashion. Wholesale transactions rounded out the trifecta, expanding 23% month over month."
In total, Tam says March preliminary sales were up 28% from February.
"Given the current level of economic and political uncertainty, volumes suggest truckers are taking advantage of available equipment at attractive prices," he says.
