COLUMBUS, Ind. — According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 tractor average retail sale price dropped 2.6% month-over-month to $58,000 in December 2023.
Retail prices last saw that level in April 2021, the report notes.
“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 month-over-month growth toward the end of 2024 as the most likely course.”
Regarding volumes, Tam explained, “Combined, the total market same dealer sales volume 24% in December. For the full year, total sales were up 40% compared to 2022. Auctions led the growth, improving 78%, with the wholesale market expanding by 75%. Growth in the retail market was more reserved at 12%.”
Born in Pine Bluff, Arkansas, and raised in East Texas, John Worthen returned to his home state to attend college in 1998 and decided to make his life in The Natural State. Worthen is a 20-year veteran of the journalism industry and has covered just about every topic there is. He has a passion for writing and telling stories. He has worked as a beat reporter and bureau chief for a statewide newspaper and as managing editor of a regional newspaper in Arkansas. Additionally, Worthen has been a prolific freelance journalist for two decades, and has been published in several travel magazines and on travel websites.
