ACT: November U.S. Used Class 8 Truck Volumes Falter

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.”

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