Used Class 8 truck same-dealer sales volumes rose by two dozen units in September, according to a report on the used commercial vehicle market from ACT Research.
The latest release of ACT’s State of the Industry: U.S. Classes 3-8 Used Trucks shows that retail sales were up in both monthly and yearly comparisons in the Class 8 market.
“Long-term, the outlook is positive, with volumes up 19% year to date compared to same period last year,” said Steve Tam, vice president at ACT Research. “Looking at the individual market segments, the retail segment was up 9% month over month and 28% year over year, but the auction and wholesale segments reported mixed results.”
The average price of total reported used Class 8 trucks marked its largest sequential increase since December 2016, rising 5%. However, prices were still 3% lower compared to last September.
“The year-to-date deficit narrowed slightly, to 7%,” said Tam. “Channel analysis mirrored the total market results, with all three market segments reporting month-over-month increases and long-term deficits.”
Originally posted on Trucking Info