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ACT Research: Used Truck Prices Dropped 1% M/M, but Rose 10% YTD, While Unit Sales Fell 8% M/M and 17% YTD

Posted by Jennifer McNealy on Jun 27, 2019 7:00:00 AM

The average price of total used Class 8 trucks in May was virtually flat, dropping just 1% month-over-month. Longer term, prices were up 10% year-to-date and 6% higher compared to May of 2018, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research. The report also indicated used Class 8 same dealer sales volumes fell 8% m/m, 22% y/y, and 17% year-to-date compared to the first five months of 2018. On a month-over-month basis, average mileage dropped 1%, while average age was up 5%.

ACT Seminar_14-9“Dealers are reporting that used truck prices are decreasing and trucks are selling for less than they have in some time,” said Steve Tam, Vice President at ACT Research. He continued, “The market is spotty right now, with some sales representatives and dealers reporting they could sell more if they could get more trucks at the right price, while others are concerned about rising inventory levels. That said and despite falling prices in the last sixty days, as well as more trucks being shopped to more buyers, used truck prices continue to be higher than normal.”

 

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).

 

ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasting services for the North American and China markets. ACT’s analytical services are used by all major North American truck and trailer manufacturers and their suppliers, as well as banking and investment companies. More information can be found at www.actresearch.net.

 

Click here for more information about ACT’s US Used Classes 3-8 Truck Report.

 

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ACT’s 61st seminar is scheduled for August 12-14, 2019, and will feature a dealer panel, as well as discussions on near-term demand of North American commercial vehicle markets and the impacts of tomorrow’s technical challenges. A global forecasting workshop is also being planned in conjunction with this semi-annual event. Click here for seminar information.

Topics: Press Releases, Used Trucks

About ACT Research

We're the leading publisher of industry data, market analysis, and economic forecasting services for the commercial vehicle and transportation industries.

2019 Lawrence R. Klein Award Winner: Most Accurate Economic Forecast 2015-2019

  Partner to LMC Automotive and the Chinese State Information Center

  Contributor to the Blue Chip Financial and Wall Street Journal Consensus Economic Forecast


 

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