Class 8 same dealer used truck sales volumes rose by two dozen units in September, according to the numbers from ACT Research.
“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%. That said, prices were still 3% lower compared to last September. “The year-to-date deficit narrowed slightly, to 7%,” noted Tam. “Channel analysis mirrored the total market results, with all three market segments reporting month-over-month increases and long-term deficits.”