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 was essentially flat m/m in January, at $57,371, or 0.1% higher m/m.
“On a y/y basis, prices were 2.9% lower,” said Steve Tam, Vice President at ACT Research. “Prices are expected to start transitioning to y/y growth in early 2025.”
“Same dealer used Class 8 retail truck sales held reasonably steady to start the new year. The 1.4% m/m decrease was stronger than the expected 9% seasonal contraction indicated by history. January is typically the weakest sales month of the year, running nearly 9% below average,” Tam explained.