Used Class 8 truck metrics continued to be mixed in November. Unit sales shrank 23% m/m, despite longer term comparisons being flat to slightly up, with same dealer sales volumes gaining 4% y/y and 1% YTD relative to the same period in 2014, according to the latest release of the State of the Industry: US Classes 3-8 Used Trucks, published by ACT Research.
“Average mileage of used Class 8 trucks was essentially unchanged m/m in November, also recording a second consecutive 7% y/y decline,” said Steve Tam, ACT’s vice-president-Commercial Vehicle Sector. “We expect the year-to-date mileage numbers, now 8% lower than 2014, to remain low, as new truck buyers have shortened their trade cycles. The average age of Class 8 used trucks sold in November saw a 1% increase to 91 months, while the average price of these vehicles fell 1% m/m during the same period.”
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--Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).
For subscription information to the full report, please go to http://www.actresearch.net.