May Truck Sales Continue Decline

The May sales reports continue to arrive, often accompanied with a message that activity is picking up. To date, that activity is not translating into increased month over month sales. May has seen the largest drop in monthly sales for 2009. However, it is very incouraging that activity remains and hopefully it is increasing.

2009 Month-to-Month Report Sales:
January to February: 3% increase (not a typo)
February to March: 5% decrease
March to April: 4% decrease
April to May: 10% decrease

2009 vs 2008 Reported Sales:
January down 43%
February down 22%
March down 38%
April down 36%
May down 43%

Not surprisingly, used values continue to erode.

To see the most current values, visit www.truckbluebook.com