April's preliminary Class 8 same dealer used truck retail sales retreated from March's performance, down 5.4% month over month, ACT Research says.
"The decline was not as large as expected based on historical seasonality, which called for an 11% month over month decrease," says Steve Tam, vice president at ACT. "Auction sales dropped by 52%, in typical first month of the quarter fashion. The wholesale segment enjoyed the only improvement in April, growing 14% month over month."
[RELATED: Robust retail used truck month collapses auction marketplace]
Tam says the total reported preliminary sales were down 27% month over month.
"Given outperformance relative to seasonality, it appears as though freight growth continues to entice used equipment buyers," Tam says.
[RELATED: Daimler reports tightening used inventory driving retail values]
The preliminary average retail price for same dealer sales of used Class 8 trucks is up, gaining 5.4% month over month to land at $57,148. That beat seasonal expectations, Tam says, which looked for an 11% decline.
