Used Truck Sales Continue Growth in February

Source: ACT Research

This article is generated by artificial intelligence.

Class 8 same-dealer used truck retail sales continued to climb in February, increasing 12% month-over-month, according to preliminary data from ACT Research.

“The market easily outperformed historical seasonality, which called for a 6% m/m increase,” said Steve Tam, Vice President at ACT Research.

However, different market segments showed mixed results:

• Auction activity posted a slight 2.2% increase from January.

• Wholesale transactions declined 4.9% year-over-year.

Overall, preliminary February sales strengthened 7.9% from January.

“This growth is a testament to the resilience of truckers but is also somewhat counterintuitive given the current economic and political uncertainties,” Tam concluded.