Used truck sales recovery takes a breather in October

The recovery in Class 8 used truck auction and retail sales paused in October. Individual purchases crept higher which could create a glut when tens of thousands of trucks and drivers sidelined because of the pandemic return to the roads.

Preliminary used Class 8 sales volumes fell 10% in October compared with September and were 12% below the same month a year ago. But they are 10% higher year to date compared to the first 10 months of 2019, according to ACT Research.

Average prices, miles and...

https://s29755.pcdn.co/news/used-truck-sales-recovery-takes-a-breather-in-october

Used truck prices firm but demand still slack

USed International Trucks

Demand remains slack but prices for used Class 8 trucks appear to be firming, according to industry watchers.

Used Class 8 same dealer sales volumes dropped 12% in May compared to April. Year-over-year sales were down 20% compared to May 2019. Sales are up 2% for the first five months of the year, according to ACT Research.

Average prices and mileage exceeded April by 2% and 1% respectively.

“Dealers are reporting that low used truck prices and high inventories were challenges before COVID-19...

https://s29755.pcdn.co/news/used-truck-prices-firm-but-demand-still-slack

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