With just over 50% of our June retail data collected from dealers, we are predicting a major drop in volume of trucks sold. After 5 months of stability at a relatively healthy level, June sales per rooftop will likely come in at under 5 – a drop of around 25% vs. last month.

We have not yet analyzed June’s pricing, mileage, or age data, so we don’t yet know whether those fundamentals changed appreciably. Keep in mind that late spring/early summer has generally been a slow period for volume historically, so this development may be a natural market process.

We’ll have a more solid analysis of June’s metrics later in the month. Stay tuned.