Used Class 8 Truck Retail Sale Price Progressed Further in August

ACT Research reports used Class 8 average retail sale price built on July’s progress in August, climbing 4.6% m/m to $58,350

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% m/m 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,” said Steve Tam, Vice President at ACT Research.

“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,” Tam explained.

 

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