Used Class 8 volumes in October recovered September’s loss

Used Class 8 volumes in October recovered September’s loss

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.

You May Also Like

Bestpass announces new integration with Geotab

Geotab customers using Bestpass can now access new toll activity data and reporting features through a single interface

Bestpass-Geotab-integration

Bestpass recently announced a new integrated offering within the Geotab ecosystem that will enable Bestpass customers access to toll data and reporting tools in their Geotab account. Bestpass says that the integration will let fleets and owner operators gain new insight into toll activity to more effectively manage tolls and identify opportunities to reduce toll expenses. 

Decisiv adds SRM Sentinel Managed Care to TICO Edge

According to Decisiv, the new addition to the service management platform lets customers to proactively meet service needs and improve uptime.

Decisiv-TICO-TMC-2024-Dick-Hyatt
Noregon announces ZF tractor, trailer telematics collaboration

The two companies demonstrated an early version of the paired telematics collaboration at the TMC 2024 Annual Meeting.

Noregon-TMC-ZF-partnership-telematics
The new Volvo VNL’s connectivity aims to boost productivity, streamline maintenance

Real-time fleet monitoring, remote updates, and extended service intervals for optimized truck performance.

Volvo-connectivity-service-TMC-1400
Pressure Systems International introduces new Geotab Marketplace offering

TireView LIVE integrates with Geotab, providing real-time tire monitoring, analytics and tire management.

PSI-TireViewLive-Geotab-TMC

Other Posts

FTR: Class 8 orders fell in February, up year-over-year

Despite the 9% drop from January, FTR says net orders for February are up 11% year-to-year, according to preliminary data.

FTR-Feb-2024-preliminary-net-orders
ACT Research: Freight capacity decline likely to continue

The latest release of ACT’s For-Hire Trucking Index reflects the slowly progressing freight market recovery.

ACT-for-hire-volumes-Jan-2024
ELFA: January new business volume up 6% Y/Y

Despite falling from December’s high, the association’s earlier predictions of a strong start to 2024 are still on track.

Equipment-leasing-finance-association-monthly-ELFA-MLFI-JAN-24
Class 8 orders strong in February

Even when seasonally adjusted, ACT says preliminary order numbers for February are up 5% over January.

ACT-Class-8-Feb-truck-orders