Same-dealer used Class 8 retail truck sales increased again in September, ACT Research reports. It was up 2.4% month over month, on par with expected seasonal performance.
"September is typically the fourth best sales month of the year, running more than 5% above average," says Steve Tam, vice president at ACT. "The auction market poured on the steam in typical quarter-end fashion."
[RELATED: Used volumes continue to rise but depreciation holding firm]
Tam says auction volumes jumped 37% in September and wholesale was up 11% month over. month. Total market same dealer sales volumes were up 15% month over month and 4.6% year over year.
"Relative to August, average miles dipped 1.3% to 410,000. Miles were 4.2% year over year," Tam says. "Trucks sold in September were slightly older month over month (+1.2%) and aged even more year over year (+4.2%) at 79 months."
