ACT: September U.S. Class 8 Used Truck Volumes Gain M/M, Flat Y/Y
OCT 27, 2015 - 5:14 am
According to ACT Research, used class 8 truck metrics were mixed in September, with same dealer sales inching closer to the six-month moving average.
Volumes gained 8% month-over-month, but were up just 1% year-over-year, while average mileage remained flat month-over-month, dropping 8% year-over-year. The average age of U.S. Class 8 used trucks climbed to 93 months, while average prices softened further, slipping 4% month-over-month and 8% year-over-year according to research published by ACT Research.
“According to our dealer conversations, used truck sales continue to be strong overall, but some dealers have reported a slowdown in used truck sales, with the summertime lull hanging on a little longer than usual,” said Steve Tam, ACT’s vice president of the Commercial Vehicle sector. Tam added, “One factor affecting used truck sales is that the new truck model year is looming, meaning trucks are close to celebrating their model year birthday.”
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