Used Class 8 Truck Sales Hit 24,900 Units in March, Up 10% YoY
Key Details Used Class 8 truck sales reached 24,900 units in March, representing a 10.2% increase from 22,600 units last year, according to ACT Research. Month-over-month sales climbed 9.8% from February's 22,700 units, though this fell slightly short of the typical 12% seasonal gain expected for March. Market Performance Same-dealer retail sales showed particular strength, building momentum from February and exceeding seasonal forecasts. Auction volumes surged 25% month-over-month, while wholesale dealer activity jumped 40% during the same period. The average retail price dipped 2% year-over-year to $56,128 but gained 1.6% from the previous month. Why It Matters March typically posts the year's strongest sales month, running 10% above average. However, high fuel costs tied to Middle East geopolitical tensions continue pressuring the market. J.D. Power reports that while buyer confidence appears stronger based on freight market prospects, fuel price headwinds remain the primary concern limiting further growth potential in the near term.