Used Class 8 truck same dealer sales increased again in November, recording a 1% month-over-month increase, according to the latest release of the State of the Industry: US Classes 3-8 Used Trucks, published by ACT Research. Historically, November sales volumes fall below average.
However, this year it bucked the trend with a 37% increase year-over-year. “This unexpected bump was enough to move year-to-date comparisons out of the red for the first time this year, with volumes up 1% over the first 11 months of 2015,” said Steve Tam, ACT’s vice-president. “The retail segment had a solid month, posting gains across the board, up 6% month-over-month, 38% year-over-year and 2% year-to-date.”
Used Class 8 exports also climbed, recording their best month of the year in October. “Following two sequential monthly declines, exports rose 88% month-over-month in October, to 1,885 units, a 37% year-over-year increase,” Tam said. “Four consecutive months of year-over-year improvements conspired to offset weak early year volumes and push the year-to-date total up 4% over the same time period last year.”
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).