Preliminary Class 8 same dealer used truck retail sales could not stretch their expansion streak to three months in September (-1.1% 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 market did outperform historical seasonality, which called for a 3.0% M/M decrease. September brought the usual end of quarter volume explosion for auctions, which jumped 51% M/M. Wholesale transactions were also stronger adding 38% M/M in September. Total reported September preliminary sales were up 19%,” Steve Tam, vice president at ACT Research, said. “The preliminary average retail price (same dealer sales) of used Class 8 trucks faltered for a second month in September, slipping 1.9% M/M to $55,745. September’s decline was directionally consistent seasonally, but deeper than the expected 0.5% dip.”
