ACT Research says same-dealer used Class 8 retail truck sales increased for the first time in five months in August.
"The 11% month-over-month gain was better than expected on a seasonally adjusted basis," says Steve Tam, vice president at ACT Research. "August is typically the second best sales month of the year, running more than 8% above average."
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The data was part of the State of the Industry: U.S. Classes 3-8 Used Trucks report.
"The auction market turned in a respectable performance that was counter to its expected decline," Tam continues. "Auction volumes floated 3.4% higher month-over-month in August. The wholesale channel saw its largest sequential gain since February 2024 in August, adding 35% month-over-month. Combined, total market same dealer sales volumes climbed 11% month-over-month in August."
Used truck sales usually start to recover in August, and Tam says the month did not disappoint, at least in unit volume.
"Industry participants should interpret this as a positive sign, especially in light of all the noise in the economy and commercial vehicle market these days," Tam says.
