June preliminary Class 8 same dealer used truck retail sales volumes increased 5% 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 once again moderately outperformed historical seasonality, which called for a 3% M/M increase. Auction sales were out of sync with their typical third-month-of-the-quarter brawn, shedding 18% M/M. Wholesale transactions also ran into headwinds, shrinking 16% M/M,” Steve Tam, vice president at ACT Research, said. “In total, June, preliminary sales were 8.4% lower M/M. Spot freight market capacity tightened further in June, but freight growth remains elusive. The avoidance of tariffs appears to be the driving force behind used truck market results.”
