August preliminary Class 8 same dealer used truck retail sales volumes increased 14% month over month, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.
“The preliminary average retail price (same dealer sales) of used Class 8 trucks softened in August, falling to $57,600 (-5% M/M). Like volumes, prices also experience seasonal fluctuations. August’s decline was counter to expectations, which called for about an 8% gain,” Steve Tam, vice president at ACT Research, said. “Values also sank in the other channels. Auction prices shed 6% m/m and wholesale prices were down by an even larger margin (-11% M/M) from July. Combined, the preliminary average sale price for all units was 5% lower M/M.”
