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Used Class 8 Sales Start New Year on High Note, ACT Research

March 02, 2017, 07:00 AM
Filed Under: Trucking

Used Class 8 truck same dealer sales volumes started 2017 on a positive note, up markedly compared to a relatively weak January 2016. Somewhat uncharacteristically, sales also rose from December, marking a second consecutive month-over-month increase, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. “The retail and wholesale markets both posted gains, improving 9% and 11% month-over-month, respectively,” said Steve Tam, ACT’s Vice President. He added, “Conversely, the auction market erased last month’s gains, falling month-over-month.”

Used Class 8 exports had a strong close to full-year 2016, despite being down month-over-month in December. Export volumes were up 176% compared to December 2015, marking six straight months of year-over-year improvements. “While the year began with a bleak outlook, exports picked up during the second half, bringing 2016’s annual total to 13,886 units, 18% above 2015’s total,” noted Tam.

The report from ACT 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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