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 built on July’s progress in August, climbing 4.6% m/m to $58,350.

Used Cl8 Retail Summary Heat Map August 2024 Final“On a y/y basis, prices were 9.5% lower. Prices are expected to remain stable at or around this lower level through 2024, transitioning to y/y growth in early 2025,” said Steve Tam, Vice President at ACT Research.

“Same dealer Class 8 retail truck sales faltered in August, returning to a pattern of slowing. The 7.7% decrease was counter to the ten-percentage point seasonal improvement indicated by history. August is typically the second-best sales month of the year, running almost nine percent 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 volume rose 4.0% m/m in August,” Tam explained.

ACT’s Used Classes 3-8 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.