Used Class 8 truck metrics were mixed in September, with some dealer sales inching closer to the six-month moving average. Volumes gained 8 percent month over month, but were up just 1 percent year over year.
Meanwhile average mileage remained flat month over month, dropping 8 percent year over year. The average age of U.S. Class 8 used trucks climbed to 93 months, while average prices softened further, slipping 4 percent month over month and 8 percent year over year, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“According to our dealer conversations, used truck sales continue to be strong overall, but some dealers have reported a slowdown in sales, with the summertime lull hanging on a little longer than usual,” said Steve Tam, ACT’s vice president of the commercial vehicle sector.
Tam added, “One factor affecting used truck sales is that the new truck model year is looming, meaning trucks are close to celebrating their model year birthday.”
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. Those include Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).