According to ACT Research, the used Class 8 average retail sale price dropped 2.6% month-over-month to $58,000 in December. The last time we saw resale prices at that level was back in April 2021, ACT noted.
“On a year-over-year basis, used retail prices were 28% lower,” said Steve Tam, vice president at ACT Research. “Our pricing expectations remain steady, with a return to m/m growth toward the end of 2024 as the most likely course.”
“For the full year, total sales were up 40% compared to 2022,” Tam explained. “Auctions led the growth, improving 78%, with the wholesale market expanding by 75%. Growth in the retail market was more reserved at 12%.”
