Sunday, April 22, 2018

Used Class 8 exports show strong first quarter with highest March number on record


Thursday, May 25, 2017
by THE TRUCKER STAFF

Used Class 8 exports closed a surprisingly strong first quarter with the highest March number on record. (The Trucker file photo)
Used Class 8 exports closed a surprisingly strong first quarter with the highest March number on record. (The Trucker file photo)

COLUMBUS, Ind. — Class 8 same dealer used truck sales volumes dropped in April, breaking a three-month run of double-digit gains, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.

Total volumes for the dealers in ACT’s sample continue to show modest improvement for long-term comparisons.

“All three market segments posted short-term declines,” said Steve Tam, vice president at ACT Research. “Longer term, results were mixed, with retail maintaining a lead over last year and year-to-date.”

Used Class 8 exports closed a surprisingly strong first quarter with the highest March number on record.

Relative to the first quarter of 2016, total exports are up significantly year-to-date.

“Some of the early spring bump may be attributed to a subtly softer U.S. dollar, which is helping relieve pent-up foreign demand,” Tam said..

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 the website at http://www.actresearch.net.

 

 

 

Video Sponsors