ACT also reported that the number of units sold declined by five percent month-over-month as dealers reported tightening supply of late-model equipment. The report covers model classes 3 through 8.
“Having fewer than necessary trucks of the right specifications is exacerbating the shortage of equipment and helping to drive up prices,” said Steve Tam, vice president commercial vehicle sector with ACT.
“Despite the lower number of transactions compared to August, all three used truck sales channels (auction, retail and wholesale) are well ahead of last year’s pace on a year-to-date basis," added Tam.
