ACT: January Used Class 8 Truck Volumes, Mileage Shrink Y/Y
FEB 25, 2016 - 5:36 am
According to ACT Research, used Class 8 truck metrics continued to be mixed in January, with volume falling 25% month-over-month and 18% year-over-year.
“Total used truck Classes 3-8 sales were down 11% year-over-year compared to January 2015, with retail and wholesale markets declining, while the auction market posted a significant gain on a year-over-year basis,” said said Steve Tam, ACT’s vice president of the commercial vehicle sector. “Dealers have reported falling used truck values and increasing used truck inventory levels; supply is outpacing demand and pulling used truck prices down. Tam continued, “Average mileage of used Class 8 trucks in January was up 2% on a month-over-month basis, but remained lower year-over-year. Average age of used Class 8 trucks, on the other hand, rose sharply month-over-month, with a 4% increase when compared to January 2015.”
The report from ACT provides data on the average selling price, miles and age based on a sample of industry data. In addition the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs.
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