Used truck prices fell about 4% a month in the first 10 months of the year. But the rapid rate of depreciation might be coming to an end.
“The past three months’ less-than-expected declines present mounting evidence of pricing stability,” said Steve Tam, ACT Research vice president. “We expect lower prices through the end of 2023, with a return to month-over-month growth toward the end of 2024.”
J.D. Power Valuation Services found month-over-month auction prices for the typical Class 8 sleeper truck fell in four of five model years. Trucks from the 2020 model year bucked the trend.
