US-based market research firm, ACT Research, has reported an increase of 6.0 per cent month-over-month in 2020's first month for preliminary used Class 8 volumes (same dealer sales), while longer-term volumes dropped 4.0 per cent to January of 2019.
Other data released in ACT’s preliminary report, State of the Industry: U.S. Classes 3-8 Used Trucks, included month-over-month comparisons for January 2020, which showed that average prices dropped 2.0 per cent, while average miles and age were unchanged from the last month of 2019.
The 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 manufacturers – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo).
“Average price marked a fifth consecutive year-over-year loss, falling 13.0 per cent in January, while average miles were flat short-term but 1.0 per cent higher compared to January of 2019, keeping some pressure on values," said ACT Research Vice President, Steve Tam.
“Average age also remained flat at 84 months, which was 2.0 per cent lower compared to the previous January.”
Commenting on individual market channel volumes, Tam noted: “The retail market channel declined in all three time comparisons, down 1.0 per cent month-over-month and 4.0 per cent year-over-year, while the auction channel saw a short-term improvement, rising 21 per cent month-over-month. The wholesale market improved for the second straight month, jumping 26 per cent from December 2019’s 11 per cent gain".