October used truck sales defy trends
In October used class 8 retail truck sales in the US decreased by 4.9% month-on-month, contrary to seasonal expectations, according to ACT Research's latest report. Typically, October ranks as the third-best month for sales, running nearly 8% above average. However, the auction market maintained some of its previous momentum, with auction volumes increasing by 19% in October and wholesale channel sales rising by 2.5%. This led to an overall 5.2% month-on-month increase in total market same dealer sales volumes.
The average retail sale price for class 8 trucks fell by 3.9% month-on-month to USD 55,300, representing a year-on-year decrease of 0.8%. ACT Research's report offers insights on average selling prices, vehicle miles and ages based on industry data samples. Utilised widely by commercial vehicle dealers and industry stakeholders, this report helps navigate the used truck market landscape amid fluctuating performance trends.