ACT Research: Used Class 8 Values Decline to a Level Not Seen Since 2021

According to ACT Research, the average retail sale price for a used Class 8 truck dropped 2.6% month over month to $58,000 in December, a level last seen in April 2021.

“On a year-over-year basis, used retail prices were 28% lower,” Steve Tam, vice president at ACT Research, said. “Our pricing expectations remain steady, with a return to [month-over-month] growth toward the end of 2024 as the most likely course.”

Regarding volumes, Tam said, “Combined, the total market same dealer sales volume [was] 24% in December. For the full year, total sales were up 40% compared to 2022. Auctions led the growth, improving 78%, with the wholesale market expanding by 75%. Growth in the retail market was more reserved at 12%.”

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.