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ACT Research: Preliminary Used Class 8 Volumes Fell M/M, Y/Y and YTD

Posted by Jennifer McNealy on Oct 18, 2019 11:00:00 AM

Preliminary used Class 8 volumes (same dealer sales) fell 5% month-over-month in September, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. Additionally, the report indicated that longer-term comparisons yielded a 17% decline compared to September 2018, as well as a year-to-date drop of 19%, the 11th consecutive contraction for both time period comparisons.

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Topics: transportation, Press Releases, Used Trucks, class 8 trucks, commercial truck report, north american trucking, class 8 truck, transportation industry news, class trucks for sale, used commercial truck, trucking, used truck values commercial, semitruck, heavy duty truck

ACT Research: Used Truck Prices Fell 1% Y/Y and Sales Dropped 19%

Posted by Jennifer McNealy on Sep 26, 2019 2:00:00 PM

The average price of total used Class 8 trucks in August dipped 1% y/y, the first such decline since January 2018. Month-over-month, prices fell 3%, but longer-term, remained 7% higher year-to-date. Same-dealer sales rose 9% in August compared to July, but contracted 19% versus the first eight months 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 average miles increased slightly month-over-month, up 2%, and were down 1% year-to-date, while average age rose 1% compared to July and 4% on a year-to-date basis.

The report from ACT provides data on the average selling price, miles, and age based on a sample of industry trucking data. In addition, the report provides the average selling price for top-selling Class 8 truck 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.

“Dealers are reporting that used truck sales are not in the tank, but the prices for trucks have fallen and inventories are growing,” said Steve Tam, Vice President at ACT Research. He continued, “This is not unexpected, as sales of new trucks have been barreling along, leading to many trade trucks coming to dealers.” Tam concluded, “With lower truck values and growing inventories, many dealers have become much more conservative about what they will pay for trade-ins, while the rapid decrease in used truck values has caught some customers by surprise, as customers became used to receiving more for trucks in the last two years than what is normal.”

ACT Research is recognized as the leading publisher of commercial vehicle truck, trailer, and bus industry data, market analysis and forecasts for the North America 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. ACT Research is a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. ACT Research executives have received peer recognition, including election to the Board of Directors of the National Association for Business Economics, appointment as Consulting Economist to the National Private Truck Council, and the Lawrence R. Klein Award for Blue Chip Economic Indicators’ Most Accurate Economic Forecast over a four-year period. ACT Research senior staff members have earned accolades including Chicago Federal Reserve Automotive Outlook Symposium Best Overall Forecast, Wall Street Journal Top Economic Outlook, and USA Today Top 10 Economic Forecasters. More information can be found at www.actresearch.net.

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Topics: transportation, Used Trucks, class 5-8 trucks, class 8 trucks, commercial truck report

ACT Research: Preliminary Used Class 8 Volumes Fell M/M, Y/Y and YTD

Posted by Jennifer McNealy on Sep 16, 2019 7:00:00 AM

Preliminary used Class 8 volumes (same dealer sales) fell 1% month-over-month in August, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. Additionally, the report indicated that longer-term comparisons yielded a 25% decline compared to August 2018, as well as a year-to-date drop of 18%, the 10th consecutive contraction for both time period comparisons.

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Topics: Classes 5-8, Economy, Press Releases, Used Trucks

U.S. Used Trucks Classes 3-8

Posted by ACT Research LLC. on Sep 10, 2019 10:49:10 AM

Seeing the entire board is important to understanding the game from each angle. That's why ACT Research is so diligent about the production of the U.S. Used Trucks Classes 3-8 report. While ACT's N.A. CV Outlook and State of the Industry: N.A. Classes 5-8 reports break down production and sales, you can't understand the market in it's entirety without knowing what trucks are already on the road. With a database of more than 700,000 transactions dating from 1996, the U.S. Used Truck report covers:

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Topics: freight, freight forecast, freight rate, transportation, logistics, shipping, Classes 5-8, Used Trucks, class 5-8 trucks, class 8 trucks, commercial truck report, supply chain

Transportation Transparency: Freight Rates , Volume and Forecasting

Posted by ACT Research LLC. on Sep 3, 2019 12:28:12 PM

An article released by the Wall Street Journal on September 1, 2019 discusses the impact that the 2018 boom in Classes 5-8 truck manufacturing has had on freight in 2019.

Falling freight rates (as much as 20%) have been attributed to "more trucks than there are loads" for truckers and shippers.

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Topics: freight, freight forecast, freight rate, transportation, logistics, shipping, Classes 5-8, NA CV OUTLOOK, Used Trucks, class 5-8 trucks, commercial truck report, supply chain

ACT Research: Used Truck Prices Fell 4% on Flat Sales

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

The average price of total used Class 8 trucks in July dipped 4% month-over-month, while rising against longer-term comparison, up 9% year-to-date. Same-dealer sales, on the other hand, were flat in July compared to June, but contracted 18% versus the first seven months 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 average miles was neutral month-over-month and down 1% year-to-date, while average age rose 2% compared to June and 4% on a year-to-date basis.

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Topics: Classes 5-8, Economy, Press Releases, Used Trucks

ACT Research: Steve Tam Interviewed on FreightWaves Radio at ACT's Seminar 61

Posted by ACT Research LLC. on Aug 21, 2019 12:23:01 PM

Steve Tam, Vice President of ACT Research, joined Steve Kingston of FreightWaves Radio for an interview at ACT Research's Seminar 61 this August 12-14, 2019. Steve and John discuss the Class 8, Medium Duty, Used Truck and Freight markets during their interview.

Steves Interview
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Topics: freight, freight forecast, freight rate, transportation, logistics, shipping, ACT in the News, Trailers, Classes 5-8, Economy, Engines, NA CV OUTLOOK, Used Trucks

ACT Research: Preliminary Used Class 8 Volumes Fell M/M, Y/Y and YTD for Fourth Consecutive Month

Posted by Jennifer McNealy on Aug 16, 2019 5:30:59 PM

Preliminary used Class 8 volumes (same dealer sales) fell 2% month-over-month in July, the fourth consecutive sequential drop, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. Additionally, the report indicated that longer-term comparisons yielded a 22% decline compared to July 2018, as well as a year-to-date drop of 18%.

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Topics: Press Releases, Used Trucks

ACT Research: Used Truck Prices Rose 2% M/M and 10% YTD, While Unit Sales Fell 10% M/M and 18% YTD

Posted by Jennifer McNealy on Jul 26, 2019 2:29:00 PM

The average price of total used Class 8 trucks in June was virtually flat, gaining just 2% month-over-month. Longer term, prices were up 10% year-to-date and 6% higher compared to June 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 10% m/m, 26% y/y, and 18% year-to-date compared to the first six months of 2018. On a month-over-month basis, average mileage dropped 2%, while average age was down 5%.

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Topics: Press Releases, Used Trucks

ACT Research: Preliminary Used Class 8 Volumes Fell M/M, Y/Y and YTD for Third Consecutive Month

Posted by Jennifer McNealy on Jul 15, 2019 4:30:00 PM

Preliminary used Class 8 volumes (same dealer sales) fell 8% month-over-month in June, the third consecutive sequential drop, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. Additionally, the report indicated that longer-term comparisons yielded a 25% decline compared to June 2018, as well as a year-to-date drop of 18%.

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Topics: Press Releases, Used Trucks

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

 

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