COLUMBUS, Ind. — Used Class 8 truck sales posted a double-digit month-over-month increase, following a sharp decline in May, according to transport analyst firm ACT Research. The report noted, however, that sales were down year-over-year and year-to-date compared to the same period in 2015.
“June Class 8 used truck volumes grew 15 percent month-over-month,” said Steve Tam, ACT’s vice president-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, year-to-date sales in May and June were down 5 percent. Dealers are reporting an increase in customer traffic, but this has not led to surging sales. The average price and age of used Class 8 trucks fell month-over-month, while average mileage rose by a mere 1 percent.”
ACT provides data on the average selling price, miles, and age based on a sample of industry data, the company said. 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), the company stated.
The Trucker staff can be reached to comment on this article at firstname.lastname@example.org.
Find more news and analysis from The Trucker, and share your thoughts, on Facebook.