ACT Research: May Used Class 8 Truck Volumes Drop M/M, Y/Y and YTD



Used Class 8 truck same dealer sales volumes took a steep downward turn in May, falling by double-digit percentages month-over-month and year-over-year. However, year-to-date volumes declined by a smaller percentage, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks from ACT Research.

Steve Tam, ACT’s vice president of the commercial vehicle sector, said used truck volumes fell by 18% month-over-month in May and 10% compared to May of 2015.

A portion of the decline can be attributed to the usual seasonal softness as well as some to a possible shift in the seasonal buying pattern,” Tam said. “All three market segments saw declines, with auction and wholesale hit the hardest.” He added, “Dealers are reporting that used truck inventories continue to be high and are causing used truck prices to continue falling. The average price of used Class 8 trucks remained flat month-over-month, while average age climbed in May and mileage improved, dropping month-over-month, year-over-year, and year-to-date.”


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