Trucking news and briefs for Friday, Nov. 24, 2023:
Used Class 8 trucks sold in October (same dealer sales) were up 1% over September, while prices were down slightly, miles flat and age up.ACT Research
With October’s decline, used truck prices are down 25% from October 2022, with retail prices averaging $62,900.
“The past three months’ less-than-expected declines present mounting evidence of pricing stability,” said Steve Tam, Vice President at ACT Research. “We expect lower prices through the end of 2023, with a return to month-over-month growth toward the end of 2024.”
[Related: RigDig Truck History Report now part of Overdrive]
It’s unclear when used-truck prices will stabilize, however. As recently reported, used truck prices across all channels averaged $39,200 in September, which is near the bottom of the pre-COVID sales cycle.
