COLUMBUS, Ind. — According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, same dealer used Class 8 retail truck sales had a breakout month in February.
“The 23% m/m increase was directionally consistent with, but much greater than, the expected 4% seasonal gain,” said Steve Tam, vice president, ACT. “February is usually the sixth weakest sales month of the year, running about 2% below average. The auction and wholesale markets also both improved in February. Auction volumes ballooned 127% m/m as they recovered from their typical first month of the quarter blues. Wholesale dealer activity increased 22% m/m. Combined, February total market same dealer sales volumes surpassed January by 51%.”
“The used Class 8 average retail sale price was flat m/m in February, slipping just $25, to $55,215,” Tam said. “Longer term, prices were 2.6% higher y/y.”
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.
