According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, September activity erased August’s strength in the average retail sale price for Class 8 trucks, which dropped 5.2% month over month.
“On a Y/Y basis, prices were 14% lower. Prices are expected to remain stable at or around this lower level through 2024, transitioning to Y/Y growth in early 2025,” Steve Tam, vice president at ACT Research, said. “Same dealer Class 8 retail truck sales floated lower in September, perpetuating a familiar pattern of slowing. The 2.3% decrease was nearly identical to the 2.7% seasonal slowing indicated by history. September is typically the third-best sales month of the year, running six percent above average. The wholesale segment also saw volumes decrease compared to August, down 10%. As is usually the case in the third month of the quarter, auction volumes improved, up 34% M/M. Combining the three channels, total market same dealer sales volume rose 12% M/M in September.”
