Used Class 8 truck same-dealer sales increased again in November, recording a 1% month-over-month increase, according to the data from ACT Research Co. Historically, November sales volumes fall below average; however, this year it bucked the trend with a 37% increase year-over-year.
“This unexpected bump was enough to move year-to-date comparisons out of the red for the first time this year, with volumes up 1% over the first 11 months of 2015,” said Steve Tam, ACT’s vice president. “The retail segment had a solid month, posting gains across the board, up 6% month-over-month, 38% year-over-year and 2% year-to-date.”
Used Class 8 exports also climbed, recording their best month of the year thus far in October. “Following two sequential monthly declines, exports rose 88% month-over-month in October, to 1,885 units, a 37% year-over-year increase,” noted Tam. “Four consecutive months of year-over-year improvements conspired to offset weak early year volumes and push the year-to-date total up 4% over the same time period last year.”