ACT Research: August used truck metrics show volumes remain up YTD

ACT Research: August used truck metrics show volumes remain up YTD

According to the latest numbers from ACT Research, used Class 8 same dealer sales volumes were up 17% year-to-date against the first eight months of 2019, with average price, miles and age all below August 2019 year-to-date rates, down 15%, 1%, and 8%, respectively.

The report also indicated that used Class 8 sales volumes rose, up 1% sequentially, with average price rising 5% month-over-month. Average miles and age both fell compared to July, down 1% and 3%, respectively.

“Used Class 8 same dealer sales improvements continue to be attributed to the catch-up of weakness in late spring sales and better-than-expected growth in freight,” said Steve Tam, vice president at ACT Research. “That said, the remainder of the year continues to be overshadowed by uncertainty, as businesses evolve to new sales models and small truckers enter and leave the market. Based on conversations we have had with dealers this past month, it appears that the used truck market is coalescing, with a growing number of reports of increased interest, phone calls, floor traffic, and most importantly, steady sales. At its current level, there are numerous opportunities for buyers, including both truckers and truck dealers, to obtain quality trucks at very attractive price points.”

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