Same dealer used Class 8 retail truck sales decreased sequentially for the second month in November, ACT Research announced last week.
The company reports the 17% month-over-month decline was consistent with expected seasonal performance.
“November is usually the eighth weakest sales month of the year, running just below average,” says Steve Tam, vice president at ACT Research. “Both the auction and wholesale markets gave up ground in November. Auction volumes softened 33% month over month Dealers saw activity slow 16% month over month. Combined, total market same dealer sales volumes fell 24% month over month in November.”
[RELATED: High-mileage units weakened used pricing in November]
As for price, Tam says the average Class 8 retail unit was down 3.1% month over month, falling to $53,650. “Longer term, prices declined 5.2% year over year,” he says.
