Class 8 same-dealer used truck sales volumes rebounded from two consecutive months of declines with a 22% gain in August over the same month a year ago, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“Channel analysis indicates that August was the second best sales month this year,” said Steve Tam, Vice President at ACT Research. “The retail and wholesale market segments fared well, posting gains of 11% and 19% month-over-month, respectively.”
The average price of total reported used Class 8 trucks fell 3% sequentially in August, erasing July’s 2% gain.
“After several months of fluctuation within a very narrow band, the average price has moved to a slight downward trend,” said Tam. “At $38,600 in August, it was the lowest point since early 2011.”
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.