COLUMBUS, Ind. — April preliminary Class 8 same dealer used truck retail sales pulled back from March’s strong performance, down 5.4% m/m, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.
“The decline was not as large as expected based on historical seasonality, which called for an 11% m/m decrease,” said Steve Tam, vice president, ACT. “Auction sales dropped by 52%, in typical first month of the quarter fashion. The wholesale segment enjoyed the only improvement in April, growing 14% m/m. Total reported preliminary sales finished April down 27% m/m. Given outperformance relative to seasonality, it appears as though freight growth continues to entice used equipment buyers.”
“The preliminary average retail price (same dealer sales) of used Class 8 trucks grew nicely in April, gaining 5.4% m/m to hit $57,148,” Tam said. “Pricing also beat seasonal expectations, which called for an almost 11% decline.”
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.
