According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, same dealer used Class 8 retail truck sales had a breakout month in February.

“The 23% m/m increase was directionally consistent with, but much greater than, the expected 4% seasonal gain. February is usually the sixth weakest sales month of the year, running about 2% below average,” said Steve Tam, Vice President at ACT Research. “The auction and wholesale markets also both improved in February. Auction volumes ballooned 127% m/m as they recovered from their typical first month of the quarter blues. Wholesale dealer activity increased 22% m/m. Combined, February total market same dealer sales volumes surpassed January by 51%.”

“The used Class 8 average retail sale price was flat m/m in February, slipping just $25, to $55,215. Longer term, prices were 2.6% higher y/y,” Tam explained.

ACT’s Used Classes 3-8 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.