Class 8 same dealer used truck sales volumes continued to show strength in the closing month of the first quarter, increasing month-over-month with a third sequential double-digit rise, according to the latest release of the State of the Industry: US Classes 3-8 Used Trucks, published by ACT Research.
Total volumes also showed improvement in long-term comparisons, up year-over-year when compared to last March, and year-to-date compared to the first three months of 2016.
“From a micro perspective, all signs are pointing north with all three market segments posting sequential improvements in all time comparisons,” said Steve Tam, vice-president of ACT Research.
The retail segment reported a month-over-month increase in March, while the auction and wholesale markets saw month-over-month, increases, too. “Despite year-to-date actuals, we believe 2017 used Class 8 truck sales will see a small decline from 2016,” said Tam. “Elusive freight growth and lower new truck sales are the basis of the assumption.”