Class 8 same-dealer used truck sales volumes slipped slightly in June, falling 3% month-over-month, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“Channel analysis shows that both the auction and retail market segments saw declines, while the wholesale market improved,” said Steve Tam, Vice President at ACT Research. He continued, “The decline was not totally unexpected, given the stronger-than-anticipated sales in May.”
Some dealers are reporting that used truck sales have improved, but all agree they could be better.
“The industry continues to struggle with more used late model aerodynamic sleeper trucks available than buyers,” said Tam. “As a result of the excess inventory pressure, prices are still falling for these vehicles.”
The report from ACT provides data on the average selling price, miles, and age based on a sample of industry data. In addition, the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo). For subscription information to the full report, please go to our web site at http://www.actresearch.net.