COLUMBUS, Ind. — Preliminary used Class 8 volumes (same dealer sales) declined moderately in February, falling 5 percent month-over-month thus erasing a portion of January’s 10 percent improvement, 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 20 percent decline compared to February 2018.
Other data released in ACT’s preliminary report included year-over-year comparisons for February 2019, which showed that average prices rose 15 percent, while average miles contracted 5 percent, and average age was 3 percent higher.
“Generally, low inventory and strong demand increase price, while higher supply and softer demand tend to drive prices lower,” said Steve Tam, vice president at ACT Research. “The current pricing environment and dealer commentary suggest inventory remains one of, if not the main, limiting factor inhibiting sales volumes.”
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).
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