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 m/m, dropping 8% y/y.
The average age of US Class 8 used trucks climbed to 93 months, while average prices softened further, slipping 4% m/m and 8% y/y according to the latest release of the State of the Industry: US Classes 3-8 Used Trucks, 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-commercial vehicle sector. “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.”