May Volumes of Used Trucks Down 12% M/M
COLUMBUS, IN – The volume of used Class 8 trucks sold in May dropped 12% below April’s volume, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
“The volume drop was expected, since sales usually slow during the summer months,” said Steve Tam, Vice President-Commercial Vehicle Sector with ACT. Tam said that even though fleets and dealers alike are now beginning to talk about fleet expansion, they are not necessarily trading in the same number of trucks that they are buying. “The result is potential perpetuation of a lack of desirable inventory in the used truck market,” said Tam. “However, the units that are making their way into used truck inventory tend to be younger and have lower mileage than the industry has seen in a while,” he added.
The report from ACT provides data on the average selling price, miles, and age based on a sample of industry data. In addition the report provides the average selling price for top-selling Class 8 models for each of the major truck OEM’s – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo). For subscription information to the full report, please go to our web site at https://www.actresearch.net.
ACT is the worldwide leading publisher of new and used commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market, as well as the U.S. tractor-trailer market and the China CV market. ACT’s CV services are used by all major North American truck and trailer manufacturers and their suppliers, as well as the banking and investment community. For more information on ACT, please visit https://www.actresearch.net.