According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the Class 8 average retail sale price ticked up $230 in November, translating into a 0.4% m/m bump.

“On a y/y basis, prices were 4.4% lower,” said Steve Tam, Vice President at ACT Research. “Prices are expected to remain stable at or around the current level for the next couple of months before transitioning to y/y growth in early 2025.”

“Same dealer Class 8 retail truck sales slowed in November, returning to the all-too-familiar pattern of decline. The 6.4% m/m decrease was better than the expected 18% seasonal contraction indicated by history. November is typically the weakest sales month of the year, running ten percent below average,” Tam explained.

ACT’s Classes 3-8 Used Truck 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 – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo). This report is utilized by those throughout the industry, including commercial vehicle dealers to gain a better understanding of the used truck market, especially as it relates to changes in near-term performance.