Comparing the Q3 average prices to the first month of Q4, resale prices are already 4.6% above the Q3 average prices. Heavy-duty prices were up 5.6% and medium up 6.6% over Q3 averages. Looking at the monthly average volume during Q3, October was down 12.9%. This has been the case for Q3 averages versus October for the past two years as well so it is a recurring trend.
Both resale prices and volume were up in October compared to both 2014 and 2013 numbers. Prices were up 7.6% from October 2014 and 10.9% from 2013. Volume was a bit lower during October 2014 resulting in resale volume up 25.0% year over year and up 14.0% from October 2013. Heavy-duty resale prices were 5.0% above 2014 and 10.3% above the October 2013 averages. Medium-duty trucks saw even larger changes up 12.1% from 2014 and 18.8% from October 2013.