Preliminary Class 8 same dealer used truck retail sales resurged 12% month over month in December, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.
“The gain was better than expected based on historical seasonality, which called for a 9% m/m increase. Auction sales saw an even bigger jump, expanding 50% above November. Wholesale activity extended decline to a second month in December, shrinking 7% M/M. Total reported December preliminary sales came in 22% above November,” Steve Tam, vice president at ACT Research, said. “The preliminary average retail price (same dealer sales) of used Class 8 trucks rose M/M for the first time in five months in December, advancing 8.0% M/M to $57,135. December pricing lagged seasonal expectations, which called for a 10% increase.”
