COLUMBUS, Ind. — Preliminary Class 8 same dealer used truck retail sales improved 24% m/m in February, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.
“The jump was larger than expected based on historical seasonality, which called for a 6% m/m increase,” said Steve Tam, vice president, ACT. “Auction sales improved by an even greater margin (+128%) following their first month of the quarter blues. Wholesale activity also improved, adding 25% m/m. Total reported preliminary sales finished February 54% higher than January. Rather than signaling a surge in demand, the uncharacteristically strong showing seems to indicate a catch-up from weather-related softness in January’s weak showing.”
“The preliminary average retail price (same dealer sales) of used Class 8 trucks pulled back again in February, slipping 1% m/m to $53,969,” Tam said. ‘Pricing was counter to seasonal expectations, which called for a 6% gain.”
Dana Guthrie is an award-winning journalist who has been featured in multiple newspapers, books and magazines across the globe. She is currently based in the Atlanta, Georgia, area.
