Used truck prices likely to extend climb into 2022

November 25, 2021

Carriers turning to the used truck market to supplement tractor count have ben met with record prices nearly every month, and that’s not likely to change in the immediate future.

Through the first 10 months of the year, used truck sales activity is 4% higher compared to the same period a year ago, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.

Average prices in October rose 3% at the dealership, as average miles and age gained 1% each compared to September. Compared to October of 2020, average price was 67% higher, with average miles and age greater by 3% and 5%, respectively. On a year-to-date basis, average price is 48% above its year-ago level for the first 10 months of 2020, with average miles down 2% and age unchanged on a year-to-date basis.

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