Average new, used truck prices fall in December

New and used commercial truck prices decreased during December as typical yearend seasonality returned to the truck market after a year affected by tariffs.  

Prices for commercial trucks ended 2025 with mixed results, with new and used prices falling compared with November, while used and certified pre-owned truck prices rose compared to yearend 2024, according to Equipment Finance News’ Average Truck Price Trends dataset. The average new commercial truck price was $142,617 as of Dec. 15, down 28.1% month over month and 23.4% year over year, according to EFN data. 

Meanwhile, the average certified pre-owned price rose 17.7% MoM and 18.52% YoY to $99,950, according to EFN data. And the average used-truck price fell 4.3% MoM but rose 6.4% YoY to $42,794, according to the EFN dataset, which goes back to November 2024. 

Normalizing conditions 

The boost in current truck activity also reflects a return to normal seasonality, with transactions happening now and values improving largely because of last year’s inventory challenges, Sandhills Global Equipment Lease and Finance Manager Jim Ryan told EFN. 

“It’s just what we expected this time of year, and if you go to the months before that, we weren’t seeing that. You’re seeing it now because there’s some stuff hitting the auction market that typically wouldn’t hit the auction market, and it’s late model.” — Sandhills Global Equipment Lease and Finance Manager Jim Ryan

Additionally, while tariffs remain higher than at the start of the year, uncertainty appears to be normalizing, Cedric Chehab, chief economist at economic research firm BMI, said during a Dec. 11 webinar. As a result, businesses can plan with clearer visibility due to effective tariff rates stabilizing after earlier spikes. 

“The problem for most of 2025, at least from February to August or so, companies just didn’t know where the tariffs were going to land, so that caused huge uncertainty and a little bit of paralysis for businesses,” he said. “Now we think that businesses have more information, they can act.” 

Check out our exclusive industry data here.