COLUMBUS, Ind. – Used Class 8 truck metrics were mixed in September, with same dealer sales inching closer to the six-month moving average, ACT Research reported.
Volumes gained 8 percent month-over-month, but were up just 1 percent year-over-year, while average mileage remained flat month-over-month and dropped 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 used truck sales, with the summertime lull hanging on a little longer than usual,” said Steve Tam, ACT’s Vice President-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 — Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo). For subscription information to the full report, go to the ACT website at http://www.actresearch.net.
ACT is a worldwide publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community.
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