Class 8 same-dealer used truck sales volumes rose by 19% year-over-year in September, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“Long term, the outlook is positive,” said Steve Tam, Vice President at ACT Research. “Looking at the individual market segments, the retail segment was up 9% month-over-month and 28% year-over-year, but the auction and wholesale segments reported mixed results.”
The average price of total reported used Class 8 trucks marked its largest sequential increase since December 2016, rising 5%. That said, prices were still 3% lower compared to last September.
“The year-to-date deficit narrowed slightly, to 7%,” noted Tam. “Channel analysis mirrored the total market results, with all three market segments reporting month-over-month increases and long-term deficits.”