ACT Research: Used Class 8 value hits low last seen in 2021

ACT Research: Used Class 8 value hits low last seen in 2021

Despite the drop in price, ACT Research vice president Steve Tam says 2023 sales volume increased considerably.

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%.”

You May Also Like

Scania opens orders for autonomous mining trucks

Scania’s 40-tonne autonomous heavy tipper for mining available to order, and the 50-tonne model to follow shortly afterwards.

Scania-autonomous-mining-truck

Scania announced that it has begun selling autonomous mining trucks, with s 40-tonne autonomous heavy tipper for mining available to order, and the 50-tonne model to follow shortly afterwards.

Sales of Scania autonomous mining solutions will start in Australia, with first deliveries and start of operation scheduled from 2026. Scania believes the next market will likely be Latin America, a region where it has significant market presence in the mining segment. 

FTR: Truck orders exceed recent trends in May; vocational sales stand out

Not only are orders up m/m and y/y, FTR said this level is above recent demand trends and 2% above the average for May over the past decade.

FTR-May-Preliminary-Class-8-orders
PACCAR MX-13 CARB compliant engine available in Peterbilt 579, 567, 589

The PACCAR MX-13 diesel engine meets the CARB Omnibus Regulation and is available in high performance or efficiency focused ratings.

Cummins, PACCAR, Daimler Truck N.A. complete joint venture formation

The completed joint venture is now known as Amplify Cell Technologies.

Accelera-Daimler-Paccar
FTR sees rise in April trailer orders

With 13,016 units sold, April saw 9% m/m and 45% y/y gains. However, trailer orders were still 20% below the average for the last 12 months.

FTR-april-trailer-orders-chart

Other Posts

FTR: Neutral outlook despite Shippers Conditions Index improvements

Stable diesel prices and slightly more favorable rates resulted in a better market for shippers in March, but conditions may deteriorate soon.

FTR-Shippers-Condition-Index-March-chart
Food Forward Inc. uses Volvo VNR electric to fight food insecurity

Food Forward says food insecurity and climate change are interconnected global issues, and this move helps address both at once.

Food-Forward-Volvo-VNR-Electric
Daimler Truck N.A. to add EV training center, engineering facility to Oregon HQ

The investments include a new Electric Vehicle Supply Equipment (EVSE) training center, and a new engineering facility.

Daimler-Portland-HQ-Clean-Transport-investments
AiLO places 100-truck order of Nikola hydrogen FCEVs

Scheduled to start delivery in 2025, Nikola says this new order is for double the amount of trucks AiLO ordered in 2024.

Nikola-AiLO-Logistics