August preliminary Class 8 same dealer used truck retail sales volumes increased 14% 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 preliminary average retail price (same dealer sales) of used Class 8 trucks softened in August, falling to $57,600 (-5% m/m),” according to Steve Tam, Vice President at ACT Research. “Like volumes, prices also experience seasonal fluctuations. August’s decline was counter to expectations, which called for about an 8% gain.

“Values also sank in the other channels. Auction prices shed 6% m/m and wholesale prices were down by an even larger margin (-11% m/m) from July. Combined, the preliminary average sale price for all units was 5% lower m/m,” 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.