Tuesday, January 23, 2018

ACT: Used Class 8 same dealer sales for January post 48% increase over weak 2016


Thursday, March 2, 2017
by JACK WHITSETT

Class 8 used same dealer sales rose from December, a rare occurrence that marked a second consecutive month-over-month increase, ACT reported. (The Trucker file photo)
Class 8 used same dealer sales rose from December, a rare occurrence that marked a second consecutive month-over-month increase, ACT reported. (The Trucker file photo)

COLUMBUS, Ind. – January used Class 8 truck same dealer sales volumes started 2017 with a bang, according to ACT Research. The total rose 48 percent over an admittedly lackluster January 2016 to a total of 3,128, said Steve Tam, Vice President of ACT February 28. Sales also rose from December, a rare occurrence that marked a second consecutive month-over-month increase. Last January’s total was 2,112, ACT reported.

“The retail and wholesale markets both posted gains, improving 9 percent and 11 percent month-over-month, respectively,” Tam said. “Conversely, the auction market erased last month’s gains, falling month-over-month.”

Used Class 8 exports closed last year with a strong push, despite being down month-over-month in December, ACT reported. Export volumes were up 176 percent compared to December 2015, marking six straight months of year-over-year improvements.

“While the year began with a bleak outlook, exports picked up during the second half, bringing 2016’s annual total to 13,886 units, 18 percent above 2015’s total,” said Tam.

 

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