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 faltered a bit but do not give cause for concern.
“The 3.3% m/m decline was directionally consistent with, but not quite as strong as, the expected 11% seasonal drop,” said Steve Tam, vice president, ACT. “April is the sixth strongest sales month of the year, running 2% below average. The auction and wholesale markets were mixed in April. Auction volumes sank 52% m/m, as is normally the case for the first month of the quarter. Wholesale dealer activity edged 6.1% higher m/m. Combined, April’s total market same dealer sales volumes were 23% lower m/m.”
“The Class 8 average retail sale price improved 4.2% m/m in April, rising to $59,122,” Tam said. “Longer term, prices were 1.9% 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.
