ACT Research's State of the Industry: U.S. Classes 3-8 Used Trucks showed the used Class 8 average retail price climbed 4.6% month-over-month to $58,350. That's still almost 10% lower year-over-year.
"On a year-over-year basis, prices were 9.5% lower," says Steve Tam, vice president at ACT Research. "Prices are expected to remain stable at or around this lower level through 2024, transitioning to year-over-year growth in early 2025."
Tam said same-dealer Class 8 retail truck sales stumbled in August.
"The 7.7% decrease was counter to the 10-percentage point seasonal improvement indicated by history," Tam says. "August is typically the second-best sales month of the year, running almost 9% above average. Both the auction and wholesale segments saw volumes increase compared to July, up 21% and 4.4% respectively. Altogether, total market same dealer sales volumes rose 4% month-over-month in August."
ACT's report provides data on the average selling price, miles and age based on a sample of industry data. In addition, the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs.
