June preliminary Class 8 same dealer used truck retail sales volumes increased 5% m/m, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.

“The market once again moderately outperformed historical seasonality, which called for a 3% m/m increase,” said Steve Tam, Vice President at ACT Research. “Auction sales were out of sync with their typical third-month-of-the-quarter brawn, shedding 18% m/m. Wholesale transactions also ran into headwinds, shrinking 16% m/m.”

“In total, June preliminary sales were 8.4% lower m/m. Spot freight market capacity tightened further in June, but freight growth remains elusive. The avoidance of tariffs appears to be the driving force behind used truck market results,” Tam concluded.

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). This report is utilized by those throughout the industry, including commercial vehicle dealers to gain a better understanding of the used truck market, especially as it relates to changes in near-term performance.