Used Class 8 truck metrics continued to be mixed in January, according to the latest release of the State of the Industry: US Classes 3-8 Used Trucks, published by ACT Research.
“Keeping with the seasonal trend of weak early-year sales, used Class 8 truck volume fell 25% m/m in January, an 18% y/y contraction,” said Steve Tam, ACT’s vice-president of commercial vehicle sector. “Total used truck Classes 3-8 sales were down 11% y/y compared to January 2015, with retail and wholesale markets declining, while the auction market posted a significant gain on a year-over-year basis.
“Dealers have reported falling used truck values and increasing used truck inventory levels; supply is outpacing demand and pulling used truck prices down. Average mileage of used Class 8 trucks in January was up 2% on a m/m basis, but remained lower year-over-year. Average age of used Class 8 trucks, on the other hand, rose sharply month-over-month, with a 4% increase when compared to January 2015.”
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 our web site at http://www.actresearch.net.