According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 truck metrics were generally in line on a year-to-date basis, but all except volumes fell slightly when compared month-over-month and year-over-year. Volumes lost 7% month-over-month, but were up 2% year-over-year, while average mileage decreased 3% and 5%, respectively. The average age of U.S. Class 8 used trucks decreased to 91 months, while average prices slipped 1% year-over-year and 2% month-over-month, despite remaining strong at 5% year-to-date.
“Used truck sales remain strong and dealers are working very hard to find used truck inventory, but some downward adjustment of use truck prices is occurring,” said Steve Tam, ACT’s vice president of the commercial vehicle sector. “Volumes in the retail market posted weaker numbers in August, down 4% month-over-month. Auction and wholesale markets continued their downward tracks, decreasing 3% and 17%, respectively.”
Those interested in the full report can visit ACT’s website.