November preliminary Class 8 same dealer used truck retail sales volumes held steady, slipping 1.3% m/m, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.

“Given that typical seasonality called for a decrease of 18% m/m, the small dip was a big win. Preliminary auction activity declined 11% from October while wholesale transactions forged ahead 7%,” according to Steve Tam, Vice President at ACT Research. “Combined, sales fell 4.7% m/m. While it is too soon to know for certain, it is possible that fleets waiting on presidential election results may have been a part of the driving force behind better-than-expected sales volumes.”

ACT’s Classes 3-8 Used Truck 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 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.