Used-Truck Sales Improve in October
Used Class 8 truck same-dealer sales increased less than 10% in October compared with a year earlier, according ACT Research Co.
Volumes rose 7% year-over-year, ACT said, and the current used-truck market is favoring hesitant buyers, while dealers report low sales and declining prices.
Also, “Year-to-date totals are just 2% below the comparable time period in 2015,” ACT Vice President Steve Tam said in a statement.
“Used trucks continue to be oversupplied, which is holding down prices,” Tam said. “Some buyers still have concerns about emissions systems and the costs of maintaining them, which is, in turn, hurting the sales of late-model used trucks.”
Month-to-month, volumes also saw a 7% increase which helped offset part of the 11% decline in September, according to ACT.
