May preliminary Class 8 same dealer used truck retail sales volumes decreased 1.0% M/M, 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 moderately outperformed historical seasonality, which called for a 3% M/M decrease. Auction sales were extremely strong, exploding 141% m/m. Wholesale transactions struggled, giving up 22% M/M,” Steve Tam, vice president at ACT Research, said. “In total, May preliminary sales were 33% higher m/m. The spot freight market saw a tightening of capacity in May, perhaps contributing to the steadiness of the used truck market. Regardless, sellers and buyers appear laser-focused on developments and remain agile, ready to react accordingly.”
