Used Class 8 truck sales increased 15% month-over-month in February, according to ACT Research’s preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks.
ACT Research
The gain was stronger than expected, as sales are typically still emerging from the winter freeze this time of the year, said Steve Tam, vice president at ACT Research. Interestingly, volumes increased across all three channels, he added.
Seasonally, used truck retail sales typically increase from January to February, but only by a few percentage points, explained Tam. Demand was not expected to improve, though pricing remains attractive, especially for the quality of vehicles available.
“There appears to be a contingent of used truck buyers that are happy with late model, low mileage units as substitutes for new trucks,” said Tam.
