Used Class 8 truck same-dealer sales volumes swung upward in June, posting a double-digit month-over-month increase, following a sharp decline in May, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks report, published by ACT Research.
However, the same report shows that sales were down year-over-year and year-to-date compared to the same period last year.
“June Class 8 used truck volumes grew 15 percent month over month,” said Steve Tam, ACT’s vice president of the commercial vehicle sector. “For perspective, May sales fell 18 percent month over month. When we see dramatic, opposing shifts such as this, we tend to average the two points together, ascribing the variation to shifts in timing of purchases.
“Taking that broader view, the change in volumes is easier to understand. As a case in point, YTD sales in May and June were down 5 percent,” Tam said. “Dealers are reporting an increase in customer traffic, but this has not led to surging sales.”
Tam continued, “The average price and age of used Class 8 trucks fell month-over-month, while average mileage rose by a mere one percent.”
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).
ACT is the worldwide leading publisher of new and used commercial vehicle industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China commercial vehicle market.