According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the Class 8 average retail sale price ticked 1.5% higher sequentially in April. On a year-over-year basis, prices were 1.9% lower.
“Compared to March, miles decreased 4.9% month-over-month, contributing to stronger pricing,” said Steve Tam, Vice President at ACT Research. He continued, “April is typically the seventh strongest sales month of the year, running about 2% below average. Combined, total used sales were off the year-ago pace by 10%, leaving our outlook for 2025 unchanged.”
“Used truck sales continue to be shaped by considerations from outside the industry. For example, April’s slightly lower activity may coincide with lower freight volumes. Some shippers may have pulled freight demand forward in an attempt to avoid tariffs. If that is the case, then the drop in volume is reflective of reduced demand for used trucks in the near term,” Tam explained.
ACT’s Used Classes 3-8 report provides data on the average selling price, miles, and age based on a sample of industry data. In addition, the report provides the average selling price for top-selling Class 8 models for each of the major truck OEMs – Freightliner (Daimler); Kenworth and Peterbilt (Paccar); International (Navistar); and Volvo and Mack (Volvo). This report is utilized by those throughout the industry, including commercial vehicle dealers, to gain a better understanding of the used truck market, especially as it relates to changes in near-term performance.