ACT: Used Class 8 Sales Volumes Fall 22% M/M in November
DEC 28, 2020 - 6:01 am
According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks report from ACT Research, used Class 8 same dealer sales volumes fell 22% in November compared with October, while average miles fell 2% and average age fell 3%.
Longer term, same dealer sales volumes were up 21% year to date against the first 11 months of 2019, with average price down 10%, miles down 3% and age down 8% compared with November 2019 year-to-date rates.
The report from ACT provides data on the average selling price, miles and age based on a sample of industry data. In addition, the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs, including Freightliner (Daimler), Kenworth and Peterbilt (Paccar), International (Navistar), and Volvo and Mack (Volvo).
“Conversations with dealers over the past month have ranged from the current strong market to already looking ahead in an effort to determine when volumes and prices will start moving in the other direction. For now, most concur that sales are and will remain strong into 2021,” Steve Tam, vice president at ACT Research, said. “Perhaps in anticipation of slowing year-end and winter sales, the number of units listed for sale has fallen to its lowest level in quite some time, and needless to say, this is causing some dealers concern, as they feel they are missing sales due to the lack of sufficient inventory. However, as is often the case, not all dealers are seeing the market the same. Wholesalers, and auctions to a lesser degree, are having to work harder in today’s tight market.”
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