According to the latest *State of the Industry: U.S. Classes 3-8 Used Trucks* report from ACT Research, September saw a decline in the average retail sale price for Class 8 trucks, reversing the gains seen in August. The price dropped by 5.2% month-over-month, marking a significant shift in the market trend.
*ACT's Used Class 8 Retail Summary*
On an annual basis, prices are now 14% lower than the previous year. Steve Tam, Vice President at ACT Research, noted that while prices have stabilized at this lower level, a return to year-over-year growth is expected in early 2025.
"Same dealer Class 8 retail truck sales declined by 2.3% in September, following a similar seasonal slowdown of 2.7% historically. September is typically the third-highest sales month of the year, with sales running about six percent above the yearly average. Meanwhile, wholesale volumes dropped by 10% compared to August. However, auction volumes increased significantly, up 34% month-over-month, as is common during the third month of the quarter. When all three channels are combined, total same dealer sales volume rose by 12% in September," Tam explained.
The *U.S. Classes 3-8 Used Trucks* report from ACT Research offers comprehensive insights into the used truck market, including average selling prices, mileage, and vehicle age based on industry data samples. It also provides detailed pricing information for top-selling Class 8 models from major manufacturers such as Freightliner (Daimler), Kenworth and Peterbilt (Paccar), International (Navistar), and Volvo and Mack (Volvo). This report is widely used by dealers and industry professionals to track short-term market changes and make informed decisions.
ACT Research is a leading provider of commercial vehicle data, market analysis, and forecasts for North America and China. Their work is relied upon by major truck and trailer manufacturers, suppliers, and financial institutions. The company is also a contributor to the Blue Chip Economic Indicators and a member of the Wall Street Journal Economic Forecast Panel. ACT’s experts have received numerous accolades, including recognition from the National Association for Business Economics and awards for accurate economic forecasting. More details can be found at www.actresearch.net.
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