July preliminary Class 8 same dealer used truck retail sales volumes recorded a solid gain in July, up 5.5% 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 continued to outperform historical seasonality, which called for a scant 0.5% m/m increase,” according to Steve Tam, Vice President at ACT Research. “Piling on to June’s out of sync performance, auctions pulled back 27% m/m in July. Wholesale transactions withered by a similar margin, moving 26% fewer units in July.”

“Total reported July preliminary sales were down 10%. Spot freight market capacity tightened for a fifth consecutive month in July. At the same time, freight growth has failed to materialize. Declining freight may be one catalyst for lower sales,” 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.