Transport Topics (Dec. 30, 2021)

An episode of the Transport Topics podcast, hosted by Transport Topics, titled "Transport Topics (Dec. 30, 2021)" was published on December 30, 2021 and runs 3 minutes.

December 30, 2021 ·3m · Transport Topics

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Summary

The average retail price of a used Class 8 vehicle in November bounced up 11.8% compared with the previous record just set in October and soared 67.8% higher compared with a year earlier, ACT Research reported. November’s record average retail price was $80,769. A month earlier the average retail price for a Class 8 was $72,204. A year earlier it was $48,118, according to ACT. “We thought we were starting to see a little influx on inventory, then new retail sales in November were stinky. What can you do? If people aren’t buying [new], they aren’t trading in [old],” said ACT Vice President Steve Tam. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episode Description

The average retail price of a used Class 8 vehicle in November bounced up 11.8% compared with the previous record just set in October and soared 67.8% higher compared with a year earlier, ACT Research reported. November’s record average retail price was $80,769. A month earlier the average retail price for a Class 8 was $72,204. A year earlier it was $48,118, according to ACT. “We thought we were starting to see a little influx on inventory, then new retail sales in November were stinky. What can you do? If people aren’t buying [new], they aren’t trading in [old],” said ACT Vice President Steve Tam. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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