--- title: "2024 Q3 commercial truck sales show more recovery" url: "https://pickuptrucktalk.com/2024/10/2024-q3-commercial-truck-sales-show-more-recovery/" publisher: "Pickup Truck + SUV Talk" content_signal: "search=yes, ai-input=yes, ai-train=no" author: "Tim Esterdahl" published: "2024-10-24T15:00:07+00:00" modified: "2025-07-23T15:10:09+00:00" image: "https://pickuptrucktalk.com/wp-content/uploads/2024/10/21-ford-f-600-super-duty-chassis-cab_06-copy.jpg" --- # 2024 Q3 commercial truck sales show more recovery By Tim Esterdahl Published: 2024-10-24T15:00:07+00:00 Updated: 2025-07-23T15:10:09+00:00 ![Featured image]() The 2024 Q3 commercial truck sales are in, and they show more recovery for the market. ## **2024 Q3 commercial truck sales** [Work Truck Solutions](), a company specializing in covering the commercial market, has released its latest report. The report covers many aspects of the industry. Here is a summary of its report: ![2024 Q3 Commercial truck sales 2]() ### Inventory New work truck inventory continued climbing, with increases of 5.8% quarter 3, 2024 over quarter 3, 2023 (QoQ) and 39.7% year-over-year (YoY). Conversely, used truck inventory decreased by 6.0% QoQ and 15.7% YoY. The diminished used vehicle inventory is as expected due to previous years of slow new truck sales. The forecast for new commercial vehicles to begin appearing in the used market in significant numbers is three to five years. This aligns with typical lease terms and company fleet replacement cycles. ### Prices New work truck prices continued their ascent, rising by 0.8% from Q2 and 1.0% YoY. In contrast, used work truck prices softened, falling by 1.7% compared to last quarter and 9.0% from the same period the previous year, likely due to the increasing mileage of unsold used vehicles. ### Days to turn Days to turn (DTT) for new work trucks increased significantly, by 22.1% compared to Q2 and a monumental 69.4% year over year. Used truck DTT decreased by 2.7% from last quarter and 2.2% year over year. ### ### ![2024 Q3 Commercial truck sales 3]()Mileage (used) Used work truck mileage continued to rise, with the average mileage of sold units increasing by 4.3% QoQ and 5.8% YoY. Again, this upward mileage trend is expected to continue until enough new vehicles become ripe for remarketing, raising available used inventory and also impacting median mileage. ### Sales New work truck sales continued a modest growth trend with an increase of 9.9% QoQ and 5.2% YoY. Within the light and medium-duty segment, which makes up the lion’s share of sales, pickups, empty cargo vans, and passenger vans led the charge. Conversely, used truck sales declined by 1.3% compared to last quarter and 7.4% year over year. However, when examining a two-year snapshot of work truck sales, we see used vehicle sales numbers that mimic the overall availability trends. In contrast, new vehicle sales remain closer to pandemic levels even though new vehicle inventory continues to rise sharply. This is due to the rapid increase in interest rates, concerns over an election year, and confusion over EV adoption. ### BEV insights The BEV work truck market continues to fluctuate, with new BEV prices increasing by 2.2% QoQ, but falling 10.8% YoY. Used BEV prices showed steep declines, falling by 5.4% compared to last quarter and 25.9% year-over-year. ## **The bottom line** Commercial truck sales make up around half of all U.S. truck sales and are a big business for both Ford and GM with Ram playing a smaller role. This key market can make a big difference for those companies and their profit margin, as well as the profits of commercial [auto insurance companies](). ## Structured page information ~~~json [ { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://pickuptrucktalk.com/2024/10/2024-q3-commercial-truck-sales-show-more-recovery/#article", "isPartOf": { "@id": "https://pickuptrucktalk.com/2024/10/2024-q3-commercial-truck-sales-show-more-recovery/" }, "author": { "name": "Tim Esterdahl", "@id": "https://pickuptrucktalk.com/#/schema/person/82b06f99329f69a069a5ab6caed18593" }, "headline": "2024 Q3 commercial truck sales show more recovery", "datePublished": "2024-10-24T15:00:07+00:00", "dateModified": "2025-07-23T15:10:09+00:00", "mainEntityOfPage": { "@id": "https://pickuptrucktalk.com/2024/10/2024-q3-commercial-truck-sales-show-more-recovery/" }, "wordCount": 467, "commentCount": 0, "publisher": { "@id": "https://pickuptrucktalk.com/#organization" }, "image": { "@id": "https://pickuptrucktalk.com/2024/10/2024-q3-commercial-truck-sales-show-more-recovery/#primaryimage" }, "thumbnailUrl": "https://pickuptrucktalk.com/wp-content/uploads/2024/10/21-ford-f-600-super-duty-chassis-cab_06-copy.jpg", "keywords": [ "commercial truck market", "commercial truck sales", "work trucks" ], "articleSection": [ "News" ], "inLanguage": "en-US", "potentialAction": [ { "@type": "CommentAction", "name": "Comment", "target": [ "https://pickuptrucktalk.com/2024/10/2024-q3-commercial-truck-sales-show-more-recovery/#respond" ] } ] }, { "@type": "WebPage", "@id": "https://pickuptrucktalk.com/2024/10/2024-q3-commercial-truck-sales-show-more-recovery/", "url": "https://pickuptrucktalk.com/2024/10/2024-q3-commercial-truck-sales-show-more-recovery/", "name": "2024 Q3 Commercial truck sales show more recovery", "isPartOf": { "@id": "https://pickuptrucktalk.com/#website" }, "primaryImageOfPage": { "@id": "https://pickuptrucktalk.com/2024/10/2024-q3-commercial-truck-sales-show-more-recovery/#primaryimage" }, "image": { "@id": "https://pickuptrucktalk.com/2024/10/2024-q3-commercial-truck-sales-show-more-recovery/#primaryimage" }, "thumbnailUrl": "https://pickuptrucktalk.com/wp-content/uploads/2024/10/21-ford-f-600-super-duty-chassis-cab_06-copy.jpg", "datePublished": "2024-10-24T15:00:07+00:00", "dateModified": "2025-07-23T15:10:09+00:00", "description": "The 2024 Q3 commercial truck sales are in and they show more recovery for the market. ", "breadcrumb": { "@id": "https://pickuptrucktalk.com/2024/10/2024-q3-commercial-truck-sales-show-more-recovery/#breadcrumb" }, "inLanguage": "en-US", "potentialAction": [ { "@type": "ReadAction", "target": [ "https://pickuptrucktalk.com/2024/10/2024-q3-commercial-truck-sales-show-more-recovery/" ] } ] }, { "@type": "ImageObject", "inLanguage": "en-US", "@id": "https://pickuptrucktalk.com/2024/10/2024-q3-commercial-truck-sales-show-more-recovery/#primaryimage", "url": "https://pickuptrucktalk.com/wp-content/uploads/2024/10/21-ford-f-600-super-duty-chassis-cab_06-copy.jpg", "contentUrl": "https://pickuptrucktalk.com/wp-content/uploads/2024/10/21-ford-f-600-super-duty-chassis-cab_06-copy.jpg", "width": 1200, "height": 800, "caption": "2024 Q3 Commercial truck sales show more recovery according to a recent report. 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