Used Class 8 truck same-dealer sales volumes ended 2016 one percent above November, and up 11% year-over-year compared to last December—leading to a 0.3% gain for the year compared to 2015.
The positive close to the year marked three consecutive months of year-over-year increases, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“The uptick in sales was enough to push 2016 year-to-date volumes a fraction of a point, 0.3%, higher than 2015’s total,” said Steve Tam, ACT’s Vice President. “Once the dust has settled, we believe 2016 used Class 8 truck sales will see a small gain over 2015, at around 270,000 units.”
Used Class 8 exports also climbed again. Export volumes were up 74% year-over-year compared to November 2015.
“This marks five months in a row of year-over-year improvements, and pushes year-to-date totals 10% higher than the comparable period in 2015,” noted Steve Tam. “With one month of 2016 exports yet to be reported, November year-to-date volumes have already surpassed 2015’s total.”