As predicted, retail sales volume recovered in July after dropping dramatically in June. With about 95% of July data collected, NADA estimates that dealerships sold an average of 6.3 trucks per rooftop in July. This result means dealerships recovered nearly 100% of the volume lost in June.
Based on recent history, NADA maintains that used truck sales typically take a one-month “pause” in late spring/early summer, as operators focus on first quarter earnings and transition into the busy freight season. See graph below for detail.
Stay tuned for retail pricing data and wholesale figures next week.