ACT: Preliminary Used Class 8 Data Shows Sales and Prices Down, Miles and Age Up
FEB 17, 2021 - 6:27 am
According to ACT Research, preliminary used Class 8 volumes (same dealer sales) fell 8% month over month in January while rising 14% compared with January 2020.
Other data released in ACT’s preliminary report included month-over-month comparisons for January 2021, which showed that average prices dropped 7%, while average miles and age each rose 3% compared with December 2020. Compared with January 2020, average prices were 4% lower, while average miles were up 3% and average age was 2% higher.
“While January seems to have started slowly, part of the story is expected. Sales volumes typically drop around 20% from December, so the 8% fall in preliminary same dealer sales does not seem too bad. Additionally, the fact that this January is running 14% ahead of January 2020 is a good sign that demand for used trucks remains strong,” Steve Tam, vice president at ACT Research, said. “Somewhat surprising was the sudden decline in the average sale price, but seasonality does [come] into play with prices in January, as trucks are now a year older, and it is not unusual to see the average selling price fall 25% from December to January.”
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