ACT Research: Preliminary Used Class 8 Volumes Ticked Up in January

Posted on 13. Feb, 2019 by in Press Releases, Used Trucks

Preliminary used Class 8 volumes (same dealer sales) improved moderately in January, rising 4% month-over-month, following two sequential declines, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. However, the report indicated that longer-term comparisons yielded a 19% decline compared to January 2018.

Other data released in ACT’s preliminary report included year-over-year comparisons for January 2019, which showed that average prices rose 10%, while average miles were relatively flat (-2%) and average age was higher.

Steve Speaking PictureAccording to Steve Tam, Vice President at ACT Research, “Our analysis suggests change is afoot in the transportation arena, as well as the new and used vehicle markets.” He continued, “Dealers need to remain vigilant, closely monitoring their markets for signs of change.”

ACT’s Classes 3-8 Used Truck Report 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).

 

CLICK HERE For more information about ACT’s Used Truck report.

ACTSeminar58__16ACT’s 60th seminar is scheduled for March 25-27, 2019, and will feature a trucker/fleet panel, as well as discussions on near-term demand of commercial vehicles and the impacts of emerging technologies on change in the North American commercial vehicle industry.

CLICK HERE for information about Seminar #60.