December preliminary Class 8 same dealer used truck retail sales volumes finished 2024 strong, surging 23% month over month, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.

“Looking back on 2024, measured progress seems like an appropriate description,” Steve Tam, vice president at ACT Research, said. “The used market undoubtedly outperformed typical seasonality, which called for an increase of 8% M/M. Preliminary auction activity increased from November by 47%, while wholesale transactions improved 3.7%. Combined, sales were up 23% M/M. One theory is that better-than-expected sales is buyers trying to time their purchases ahead of impending value increases.”