ACT: Used Class 8 Truck Same Dealer Sales Climb Again in October
NOV 28, 2017 - 2:35 pm
According to ACT Research, Class 8 same dealer used truck sales volumes continued their upward climb in October, rising 12% month over month and 37% year over year to become the best month of 2017.
“Compared to the first 10 months of last year, the year-to-date volume gap widened to 21%,” said Steve Tam, vice president at ACT Research. “A look at the individual market segments reveals strong growth in the auction and wholesale segments, while the retail market held steady.”
Dealers are reporting that used truck sales appear better than expected, but there is still an oversupply of trucks.
“Used vocational trucks, such as dump trucks and heavy haul tractors, continue to bring a good profit,” Tam said. “These trucks were in short supply before the hurricanes hit, and are now needed for both the additional cleanup work and as replacements for the trucks damaged during the storms.”
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