According to the latest preliminary release of ACT Research’s State of the Industry: U.S. Classes 3-8 Used Trucks report, preliminary Class 8 same dealer used truck retail sales volumes improved again in June, rising 4% month over month. When combined, the auction, retail and wholesale channels experienced a month-over-month preliminary same dealer sales advance of 21% in June.
Compared to May, average retail price was flat, while miles increased 2% and age declined 3%. Compared to June of 2022, volumes and miles increased 24% and 1%, respectively, but price and age declined 27% and 9%, respectively.
“For the third straight month, the retail market’s performance fell between the auction and wholesale markets.” Steve Tam, vice president at ACT Research, said. “Auction activity turned in its typical third month of the quarter burst, adding 48% month over month. Dealers continue to play it close to the vest, with their sales down 7% month over month in June.
“Historically, June is the fourth best sales month of the year, about 14% above, accounting for some but not all of the gain the industry enjoyed in June.”
