Used Class 8 values reach lowest point since 2021

Used Class 8 values reach lowest point since 2021

Used Class 8 average retail sale prices fell 6% month-over-month in November.

According to the latest numbers from ACT Research, the used Class 8 average retail sale price fell 6% month-over-month to $59,300 in November, marking the first month of a sub-$60,000 price since April 2021.

“Less-than-expected declines in August, September and October may have been an early Christmas present. Our expectations are unchanged, with lower prices through the end of 2023 and a return to m/m growth toward the end of 2024,” said Steve Tam, vice president at ACT Research.

“Combined, the total market same dealer sales volume expanded 19% m/m in November,” Tam said. “With only one more month remaining in the year, the overall market has improved 35% YTD compared to the first eleven months of 2022.”

You May Also Like

Volvo, Westport joint venture to reduce long haul CO2 emissions

The companies anticipate that the joint venture will become operational in Q2 of 2024.

westport-logo-volvo-reducing-carbon-dioxide-co2-emissions

The Volvo Group and Westport Fuel Systems have signed an agreement to establish a joint venture to speed up commercialization and global adoption of Westport's High Pressure Direct Injection (HPDI) fuel system technology for long-haul and off-road applications.

High Pressure Direct Injection (HPDI) is a fuel system technology which can be applied in ICE vehicles to replace greenhouse gas-emitting fuels, like diesel, with carbon-neutral or zero-carbon fuels like biogas or hydrogen, according to Volvo.

EPA finalizes Phase 3, slows stringency before MY 2032

The new emissions standards are expected to improve public health and air quality, while giving companies enough lead time to meet the goals.

EPA-emissions-trucking-generic
Kodiak and Martin Brower partner for autonomous delivery

Martin Brower and Kodiak are making 8 autonomous food deliveries per week to quick service restaurants between Dallas and Oklahoma City.

Kodiak-Robotics-Martin-Brower-autonomous-partnership
CARB’s Clean Truck Check testing pushed back to 2025

This delay is only for required inspections, meaning fleets and owner/operators are still expected to register and pay fees.

truck-lights-generic
XL Specialized names Canadian sales manager

Richard Minotti is going to step into the role, through which the company aims to broaden its reach into the Canadian market.

Richard-Minotti-Headshot-XL-Specialized-trailers

Other Posts

S&P Global Mobility: U.S. commercial truck market beat expectations

According to new CV registrations in 2023, 45% of upfitted vehicles are being used as service/utility vehicles, or as dry freight vans.

Generic-commercial-vehicle-market-data-sp-global-mobility-upfitting
Kenworth Chillicothe marks 50 years of production

Since opening its doors on March 4, 1974, Kenworth’s Chillicothe, OH plant has produced more than 782,000 trucks.

Kenworth-Chillicothe-Ohio-employees-50-year-anniversary
Mack announces 2023 Dealer of the Year winners

The Mack North American Dealer of the Year award for 2023 was presented to Nextran Truck Centers of Tuscumbia, Alabama.

Mack-Nextran-NA-Dealer-of-the-Year
Two Volvo VNR Electric trucks will kick off new California pilot program

Volvo says the VNR battery-electric trucks are ideal for drayage operations due to their operational efficiency in tight spaces.

Volvo-VNR-ONE-Electric-Truck-Program-Drayage