Preliminary same-dealer sales of used Class 8 trucks reversed course again in October, rising 10% month-over-month and offsetting September’s 10% decline, according to the latest numbers from ACT Research. ACT also indicated that used Class 8 same dealer sales volumes rose 9% year-over-year. Average mileage dropped 1% and average age declined 2% from a year ago.
“Analysis of the individual market channels revealed that all three segments (auction, retail and wholesale) posted month-over-month gains, up 81%, 5%, and 2%, respectively,” said Steve Tam, vice president at ACT Research. “Longer term, the retail and auction markets rose 21% and 3% on a year-over-year basis, with the wholesale market contracting 21% by comparison.”
“The average used Class 8 selling price recorded a sixth straight month above the trend reading. On a yearly basis, prices continue to enjoy meaningful growth,” Tam added.