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 floated higher in December, to $56,865, or 0.5% higher month over month.
“On a y/y basis, prices were 2% lower,” said Steve Tam, Vice President at ACT Research. “Prices are expected to remain stable at or around the current level before transitioning to y/y growth in early 2025.”
“Same dealer used Class 8 retail truck sales rose to their highest monthly tally for 2024 in December. The 16% m/m increase was stronger than the expected 8% seasonal contraction indicated by history. December is typically the fifth best sales month of the year, running less than 1% 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 used 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.