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.”

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