Wholesale prices of used vehicles are at their lowest level in more than a year
The Manheim Used Vehicle Value Index is a method of tracking prices of used vehicles sold at its U.S. wholesale auctions. the latest metric shows prices have fallen approximately 16% from the record-high levels in January.
Used class 8 vehicles are retailing 40% lower than one year ago
Used Class 8 trucks were retailing 40% lower in May of 2022 than in May of 2021, according to ACT Research in their publication: State of the Industry: U.S. Classes 3-8 Used Trucks.
Used Class 8 now have a price tag of $100k on average
ACT Research has released their findings that used Class 8 vehicles have now reached at least $100k on average as of March 2022.