According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price fell 6 percent month/month to $59,300 in November, marking the first month of a sub-$60,000 price since April 2021.

“Less-than-expected declines in August, September, and October may have been an early Christmas present. Our expectations are unchanged, with lower prices through the end of 2023 and a return to m/m growth toward the end of 2024,” said Steve Tam, Vice President at ACT Research.

Regarding volumes, Tam said, “Combined, the total market same dealer sales volume expanded 19 percent m/m in November. With only one more month remaining in the year, the overall market has improved 35 percent year to date compared to the first eleven months of 2022.”

The report from ACT 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).