Sales of used trucks in the heaviest Class 8 weight segment dipped 1 percent in 2017 compared with the prior year, according to ACT Research.
Sales fell because manufacturers of new trucks used incentives and discounts to lure buyers who otherwise would have purchased a used vehicle, said Steve Tam, vice president of ACT Research.
The average price for a used heavy-duty truck was $40,500 in 2017, down 5 percent from the previous year.
Used truck sales dropped 9 percent in December over the same month a year earlier. That follows a gain in November, which logged a 16 percent increase compared with the same period a year earlier.
ACT forecast used truck sales could rise by as much as 4 percent this year.
“Dealers are reporting that used truck sales have strengthened and improved from the earlier levels seen in 2017, appearing to be headed in a good direction,” Tam said.
The average price of a used Class 8 truck was around $43,000 in December, up 5 percent on a year-over-year basis. The price is up 8.9 percent compared to a month earlier when used trucks were selling for around $39,500.