ACT Research: 2021 Opened with Used Class 8 Sales Volume and Price Down, While Average Miles and Age Rose
According to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research, used Class 8 volumes (same dealer sales) and average sale price fell sequentially in January, down 7% and 6% m/m, respectively. On the other hand, average miles were up 4% m/m and average age reported a 3% uptick from December. Longer term, same dealer sales volumes were up 19% y/y against January of 2020, while average price was virtually flat with a 1% y/y contraction, average miles changed by a similar amount in the opposite direction, up just 1% y/y, and average age was 2% lower compared to January of 2020.