March used Class 8 truck sales jumped 14% over February to 2,770 units for the month according to the latest report from ACT Research. The number was a 5% increase over last March.
March is usually peak of the used truck market, according to ACT and as a result, sales volumes are expected to fall off in April. Sales from auctions, wholesale and retail markets were all up.
“All three markets – auctions, wholesale, and retail – gained month over month,” said Steve Tam, vice president commercial vehicle sector with ACT. “The downside, if there is one, is that March is usually the pinnacle of the year, so we expect volumes will soften in April.”
Slightly higher miles and a flat average age put downward pressure on the average selling price of total reported Class 8 trucks, dropping 2% compared with the previous month.
ACT’s State of the Industry: U.S. Classes 3-8 Used Trucks is a regular report that provides data on average selling price, miles and age based on a representative sampling of the industry. The report also provides the average selling price for top-selling Class 8 models from each of the major truck OEM’s – Freightliner, Kenworth, Peterbilt, International, Volvo and Mack.