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Preliminary Used Class 8 Sales Rise 14% in January Y/Y, ACT Research

February 17, 2021, 07:00 AM
Filed Under: Trucking

Preliminary used Class 8 volumes (same dealer sales) fell 8 percent month-over-month in January, but are 14 percent higher year-over-year compared to 2020, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.

Other data released in ACT’s preliminary report included month-over-month comparisons for January 2021, which showed that average prices dropped 7 percent, while average miles and age each rose 3 percent compared to December 2020. Compared to January of 2020, average price was 4 percent lower, while average miles was up 3 percent and average age was 2 percent higher.

According to Steve Tam, Vice President at ACT Research, “While January seems to have started slowly, part of the story is expected.”

He continued, “Sales volumes typically drop around 20 percent from December, so the 8 percent fall in preliminary same dealer sales does not seem too bad. Additionally, the fact that this January is running 14 percent ahead of January 2020 is a good sign that demand for used trucks remains strong.”

Tam added, “Somewhat surprising was the sudden decline in the average sale price, but seasonality does comes into play with prices in January, as trucks are now a year older, and it is not unusual to see the average selling price fall 25 percent from December to January.”

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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