April preliminary Class 8 same dealer used truck retail sales volumes increased 8.6% 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.

“Used truck buyers did not let up in April, driving preliminary Class 8 same dealer used truck retail sales volumes higher,” according to Steve Tam, Vice President at ACT Research. “The market crushed historical seasonality, which called for an 11% m/m decrease. Auction sales saw their routine post-quarter-end retrenchment, shriveling 57% m/m. Wholesale transactions remained elevated, adding 36% m/m.”

“In total, April preliminary sales shed 20% m/m. Despite the mixed signals from both within and from outside of the industry, buyers continued to capitalize on a well, but not over stocked inventory of available equipment at affordable prices,” 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.