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 built on February’s momentum in March.
“The 9.8% m/m increase was directionally consistent with, but not quite as strong as, the expected 12% seasonal gain,”said Steve Tam, vice president at ACT. “March is the strongest sales month of the year, running 10% above average. “The auction and wholesale markets both improved in March. Auction volumes rose 25% m/m on top of a second month of the quarter surprise. Wholesale dealer activity increased 40% m/m. Combined, March’s total market same dealer sales volumes were 29% higher m/m.”
“The Class 8 average retail sale price improved 1.6% m/m in March, rising to $56,128,” Tam said. “Longer term, prices were 2.0% 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.
