ACT: November U.S. Used Class 8 Truck Volumes Falter
DEC 23, 2015 - 6:30 am
According to the latest release of the State of the Industry published by ACT Research, used Class 8 truck metrics continued to be mixed in November. Unit sales shrank 23% month/month, despite longer term comparisons being flat to slightly up, with same dealer sales volumes gaining 4% year/year and 1% YTD relative to the same period in 2014.
“Average mileage of used Class 8 trucks was essentially unchanged month/month in November, also recording a second consecutive 7% year/year decline. We expect the YTD mileage numbers, now 8% lower than 2014, to remain low, as new truck buyers have shortened their trade cycles,” said Steve Tam, ACT’s vice president-Commercial Vehicle Sector. Tam added, “The average age of Class 8 used trucks sold in November saw a 1% increase to 91 months, while the average price of these vehicles fell 1% month/month during the same period.”
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
The Monitor 101+ is back for its third-straight year and with positive growth to report both in terms of net assets and new business volume. This year’s group of Monitor 101+ companies, which grew to 35 and included 22 Independents,... read more
“If a company is looking to make the most of its DE&I attempts, it should first ask, “Why? Why does this matter to the business? Why does this matter to us as individuals?” Being specific about the “why” leaves little... read more