According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price built on July’s progress in August, climbing 4.6% month over month to $58,350.
“On a Y/Y basis, prices were 9.5% 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 faltered in August, returning to a pattern of slowing. The 7.7% decrease was counter to the ten-percentage point seasonal improvement indicated by history. August is typically the second-best sales month of the year, running almost nine percent above average. Both the auction and wholesale segments saw volumes increase compared to July, up 21% and 4.4%, respectively. Altogether, total market same dealer sales volume rose 4.0% M/M in August.”
