ACT Research reported Friday preliminary Class 8 same dealer used truck retail sales volumes increased 5.0% month over month in June. That total was higher than the seasonal 3.0% month over month average, says ACT Research Vice President Steve Tam.
“The avoidance of tariffs appears to be the driving force behind used truck market results,” says Tam. On the price, miles and age metrics, retail used trucks sold in June were priced 10% higher, had 1% fewer miles and were 6% younger than trucks in May.
The auction and wholesale markets were not as strong as a result.
“Auction sales were out of sync with their typical third-month-of-the-quarter brawn, shedding 18% month over month. Wholesale transactions also ran into headwinds, shrinking 16% month over month,” Tam says.
In total, he says June preliminary sales were down 8.4% from May.
“Spot freight market capacity tightened further in June, but freight growth remains elusive,” he says.
