Preliminary Used Class 8 Volumes Continue Wave-Like Pattern in November
DEC 14, 2018 - 6:50 am
Preliminary used Class 8 volumes (same dealer sales) reversed course again in November, falling month-over-month and more than offsetting October’s gain, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.
The report also indicated used Class 8 same dealer sales volumes have dropped year-over-year, but remained stronger year-to-date. Average age was virtually unchanged, down just 1% year over year, while average miles rose 2% compared to November 2017. Pricing remained strong, up 12% year-to-date.
According to Steve Tam, vice president at ACT Research, “Those who have been associated with the used truck market for more than a few years know that it is a cyclical market. This cycle, robust demand for new equipment has added a kicker to the used truck cycle, with some buyers opting for used trucks as a substitute to the new units that have, at times, been difficult to secure.”
ACT’s Classes 3-8 Used Truck Report 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 – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).
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