The average number of used trucks retailed at each of our reporting dealerships dropped unexpectedly in April, coming in at 4.9 per rooftop. This result is 0.8 truck lower than March, and contrary to our expectations. The first 4 months of 2018 were 0.4 truck behind the same period of 2017.

We are hearing of mild shortages of trucks 3 years old and newer with under 400,000 miles. This situation could partially explain the lower sales volume, but we still see supply as saturated for the most part. As such, we’ll continue to talk to our contacts in the dealer and OEM sectors and round out the picture. Feel free to post your observations below.