Used Class 8 Truck Retail Sales Off to a Robust Start in 2024

According to preliminary data from ACT Research, Class 8 same dealer used truck retail sales accelerated 17% month over month in January.

“The retail sales gain is uncharacteristic, as sales typically slow in the new year,” Steve Tam, vice president at ACT Research, said. “January retail sales historically lag the average month by about 9% and see an eight-percentage-point decline from December. Auctions were 59% lower [month over month], while wholesale activity slumped 20% [month over month]. In total, the used truck industry declined, with preliminary same dealer sales slowed 31% [month over month]. Robust used truck demand suggests the opportunity for sales to improve moderately in February, as freight is showing nascent signs of growth.”

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