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 faltered a bit but do not give cause for concern.
“The 3.3% M/M decline was directionally consistent with, but not quite as strong as, the expected 11% seasonal drop. April is the sixth strongest sales month of the year, running 2% below average,” Steve Tam, vice president at ACT Research, said. “The auction and wholesale markets were mixed in April. Auction volumes sank 52% M/M, as is normally the case for the first month of the quarter. Wholesale dealer activity edged 6.1% higher M/M. Combined, April’s total market same dealer sales volumes were 23% lower M/M. The Class 8 average retail sale price improved 4.2% M/M in April, rising to $59,122. Longer term, prices were 1.9% higher Y/Y.”
