According to ACT Research, used Class 8 average retail sale prices improved 2.6% month over month to $59,400 in January. The last time retail prices were this low was in the spring of 2021.
“On a year-over-year basis, used retail prices were 20% lower. Our pricing expectations remain steady, with a return to month-over-month growth toward the end of 2024 as the most likely course,” Steve Tam, vice president at ACT Research, said. “Combined, the total market same dealer sales volume fell 35% month over month in January. Relative to January 2023, the retail market ticked up 0.6%. The auction segment soared 240% [year over year], while wholesale volumes rocketed 193%. Combined market results saw volumes increasing 46% year over year. Expectations for 2024 call for moderate growth relative to 2023.”
