Used Class 8 Truck Retail Sale Price Dropped in September
According to the latest *State of the Industry: U.S. Classes 3-8 Used Trucks* report from ACT Research, September activity saw a decline in average retail sale prices for Class 8 trucks, reversing the strength seen in August. The price dropped by 5.2% month-over-month.
ACT's Used Class 8 Retail Summary
On a year-over-year basis, prices are now 14% lower than they were last year. Steve Tam, Vice President at ACT Research, noted that "prices are expected to remain stable at or around this lower level through 2024, with a transition to year-over-year growth anticipated in early 2025."
Tam also highlighted that same dealer Class 8 retail truck sales declined by 2.3% in September, following a similar trend observed in previous years. This decrease closely matched the historical seasonal slowdown of 2.7%. Typically, September is the third-best sales month of the year, with sales running about 6% above average. However, the wholesale segment experienced a 10% drop compared to August. In contrast, auction volumes increased by 34% month-over-month, as is often the case during the third month of the quarter. Overall, total market same dealer sales volume rose by 12% in September.
The *Classes 3-8 Used Truck* report from ACT Research offers comprehensive insights into the used truck market, including average selling prices, vehicle mileage, and age based on industry data samples. It also provides detailed pricing information for top-selling Class 8 models from major OEMs such as Freightliner (Daimler), Kenworth and Peterbilt (Paccar), International (Navistar), and Volvo and Mack (Volvo). This report is widely used by commercial vehicle dealers and industry professionals to monitor trends and make informed decisions about the used truck market.
ACT Research is a leading provider of data, analysis, and forecasts related to commercial vehicles, trailers, and buses in North America and China. Their research is relied upon by major truck and trailer manufacturers, suppliers, and financial institutions. ACT Research is also a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. The company has received numerous accolades, including recognition for accurate economic forecasts and contributions to key industry analyses. For more information, visit www.actresearch.net.
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