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Used truck sales decline in February

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Preliminary used Class 8 volumes (same dealer sales) declined moderately in February, falling 5% month-over-month and erasing a portion of January’s 10% improvement, according to the latest numbers from ACT Research. However, ACT indicated that longer-term comparisons yielded a 20% decline compared to February 2018.

Other data released in ACT’s preliminary report included year-over-year comparisons for February 2019, which showed that average prices rose 15%, while average miles contracted 5%, and average age was 3% higher.

“Generally, low inventory and strong demand increase price, while higher supply and softer demand tend to drive prices lower,” said Steve Tam, vice president at ACT Research. “The current pricing environment and dealer commentary suggest inventory remains one of, if not the main, limiting factor inhibiting sales volumes.”

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