The average retail price in August of a used Class 8 vehicle was much higher compared with a year earlier but less than the month before, extending a trend, ACT Research reported.
The average retail price was $86,732 compared with $67,518 in the same 2021 period. In July, it was $92,708.
August marked the fifth consecutive sequential decline, “something we will be dealing with for at least six months, perhaps nine, hopefully not 12,” said Steve Tam, vice president at ACT Research.
