Volume Also Increased 4.8% From November’s Level
Used Class 8 trucks on a sales lot. The average retail sale price in December fell 2% year over year to $56,865 from $58,033 while inching up 0.5% sequentially from $56,574 in November. (Coopersburg and Liberty Kenworth)
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Used Class 8 truck sales in December increased 11.3% year over year to 21,700 units from 19,500, ACT Research reported.
Sales also increased 4.8% sequentially from 20,700 in November. The average retail sale price declined 2% year over year to $56,865 from $58,033 while inching up 0.5% sequentially from $56,574. Average mileage increased 3.7% to 423,000 from 408,000 a year ago but fell 1.7% from the 416,000 reported for November.
“Prices are expected to remain stable at or around the current level before transitioning to [year-over-year] growth in early 2025,” ACT Research Vice President Steve Tam said. “Same-dealer used Class 8 retail truck sales rose to their highest monthly tally for 2024 in December. The 16% [month-to-month] increase was stronger than the exp…
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