COLUMBUS, Ind. — Volume growth of Class 8 same dealer used truck sales of +1.7% in August lagged behind expectations, according to a preliminary release of ACT Research’s State of the Industry: U.S. Classes 3-8 Used Trucks.
According to the Sept. 16 release, the drop, which came after a better-than-expected July, is no surprise to analysts.
“Stubbornly persistent softness in spot freight and freight rates, coupled with still high but improving inflation and interest rates, have failed to act as barriers to entry or dissuade truck buyers. Seasonality called for an increase of just over 9% month over month,” said Steve Tam, vice president at ACT Research. “Auction activity improved 21% from July, as did wholesale transactions, up 24%. Altogether, sales rose 12% from July.”
ACT’s Classes 3-8 Used Truck report provides data on the tractors’ average selling price, miles and age based on a sample of industry data.
Linda Garner-Bunch has been with The Trucker since 2020, picking up the reins as managing editor in 2022. Linda has nearly 40 years of experience in the publishing industry, covering topics from the trucking and automotive industry to employment, real estate, home decor, crafts, cooking, weddings, high school sports — you name it, she’s written about it. She is also an experienced photographer, designer and copy editor who has a heartfelt love for the trucking industry, from the driver’s seat to the C-suite.
