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 had a breakout month in February.
“The 23% M/M increase was directionally consistent with, but much greater than, the expected 4% seasonal gain. February is usually the sixth weakest sales month of the year, running about 2% below average,” Steve Tam, vice president at ACT Research, said. “The auction and wholesale markets also both improved in February. Auction volumes ballooned 127% M/M as they recovered from their typical first month of the quarter blues. Wholesale dealer activity increased 22% M/M. Combined, February total market same dealer sales volumes surpassed January by 51%.”
Tam added, “The used Class 8 average retail sale price was flat M/M in February, slipping just $25, to $55,215. Longer term, prices were 2.6% higher Y/Y.”
