Used Class 8 truck same-dealer sales were up in October, reversing the decline reported in September, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. Month-to-month, volumes saw a 7% increase which helped offset part of the 11% decline in September.
“Looking at the long term, volumes were also up 7% year-over-year compared to October 2015,” said Steve Tam, ACT’s Vice President. “Year-to-date totals are just 2% below the comparable time period in 2015.”
The current used truck market is favoring hesitant buyers, while dealers report low sales and declining prices.
“Used trucks continue to be oversupplied, which is holding down prices,” noted Steve Tam. He continued, “Some buyers still have concerns about emissions systems and the costs of maintaining them, which is, in turn, hurting the sales of late model used trucks.”
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 http://www.actresearch.net.