With more than half of our expected September used truck retail sales data collected, the volume of trucks sold per rooftop is running well ahead of expectations. We estimate September’s figure will come in at 5.9, which would be 0.5 truck ahead of an unexpectedly high August. If our estimate holds true, September will have been the strongest month since July 2014.

As we stated last month, any result over 5.0 trucks per rooftop outperforms expectations. There were no external factors artificially impacting results - no large packages of identical trucks, no change in economic conditions. As such, we are sticking to our theory that buyers continue to enter the market in incrementally greater numbers as pricing relaxes to attractive levels. See graph below for detail.