According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, same dealer used Class 8 retail truck sales returned to sequential decline in January. The 12% month over month decrease was directionally consistent with, but greater than, the expected 6% seasonal drop.
“January is usually the second weakest sales month of the year, running about 6% below average,” Steve Tam, vice president at ACT Research, said. “The auction and wholesale markets also both cooled in January. Auction volumes shriveled 56% M/M in typical first month of the quarter fashion. Wholesale dealer activity was off 10% M/M. Combined, January total market same dealer sales volumes trailed December by 31%. The Class 8 average retail sale price slid 3.4% M/M in January, falling to $55,308. Longer term, prices were down a similar percentage (-3.5%) Y/Y.”
