COLUMBUS, Ind. – April preliminary Class 8 same dealer used truck retail sales volumes increased 8.6% m/m.
This is according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.
“Used truck buyers did not let up in April, driving preliminary Class 8 same dealer used truck retail sales volumes higher,” said Steve Tam, vice president, ACT. “The market crushed historical seasonality, which called for an 11% m/m decrease. Auction sales saw their routine post-quarter-end retrenchment, shriveling 57% m/m. Wholesale transactions remained elevated, adding 36% m/m.”
According to Tam, in total, April preliminary sales shed 20% m/m.
“Despite the mixed signals from both within and from outside of the industry, buyers continued to capitalize on a well, but not over stocked inventory of available equipment at affordable prices,” Tam said.
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.
