The used Class 8 truck market has finally stopped bleeding. After two and a half years of compressing values, ballooning inventory, and the worst depreciation curve in trucking memory, ACT Research’s 2026 outlook now puts Class 8 depreciation at just over one percent per month. That is roughly half the depreciation rate of the broader used commercial vehicle market and a clear signal that the bottom in big-truck values is in.

For the small fleet that has been waiting on the sidelines, holding off the next equipment purchase to see how far prices would fall, the market signal is now flashing the other way. Stronger order activity, a tightening capacity picture, the EPA 2027 pre-buy, and an improving freight fundamentals backdrop are all combining to put a floor under quality used inventory. Sticker prices on five-year-old day cabs and lightly used sleepers are firming first, with regional and lower-mileage units showing the least price flexibility.

Section 232 tariffs that added up to $35,000 to new Class 8 sticker prices are pulling demand into the used market and pulling auction prices up with it. The owner-operator who held off on a new Freightliner because the math no longer pencils is bidding on the same three-year-old Cascadia at the same auction that the regional fleet is bidding on. That demand pressure has shown up across benchmark used-value data over the last forty-five days. The window for buying at the bottom is narrow, and this article walks through how a small carrier should think about it.

What ACT Research’s 2026 Outlook Actually Says

ACT Research’s published 2026 used truck price forecast tracks Class 8 depreciation at roughly 1.1 percent per month across the major model years. According to ACT’s market outlook, the Class 8 segment is performing materially better than the broader Class 3 through Class 8 used inventory pool, which is depreciating at more than two percent monthly. The wider range reflects oversupply in medium-duty and lighter-class units that built up during the 2024 freight slump. Class 8 specifically has tightened because the segment never overshot to the same degree.

The depreciation slowdown is most pronounced on five- to seven-year-old units in the 350,000 to 500,000-mile band, which is the sweet spot for owner-operators upgrading from older trucks and small fleets adding capacity. Industry trade reporting from Truck Parts and Service covering ACT’s Q1 outlook flagged that average asking prices on late-model sleepers have firmed by mid-single digits since January, with some Cascadias and Kenworth T680s closing above asking on multiple listings. Used dealers describe the floor traffic as the strongest they have seen since 2022.

Why The 2026 Recovery Is Different From The 2022 Spike

Used truck values spiked dramatically in 2022 on the back of pandemic supply chain dislocation, then unwound just as dramatically through 2023 and 2024. The current recovery is structurally different. The 2022 spike was demand-side: too much freight chasing too few trucks. The 2026 firming is supply-side: tariff-driven new truck cost inflation, a constrained pipeline of fleet trades coming back into the market, and the EPA 2027 pre-buy pulling forward demand from later model years.

That is a more durable price floor. Demand-driven spikes unwind when the demand evaporates. Supply-side firming holds because the structural constraints do not go away in a single quarter. The supply pipeline of off-lease and fleet-trade Cascadias coming to auction in late 2026 is materially smaller than the volume that hit the market in 2024 and 2025. ACT’s forecast accounts for that and projects values to hold flat through Q3 with modest upward pressure into Q4 as the pre-buy intensifies and tariff-inflated new truck pricing pushes more buyers down market.

How Small Carriers Should Think About The Buying Window

The first question for any small fleet considering a 2026 equipment purchase is whether the truck pencils on a cost-per-mile basis at current pricing. A 2021 Cascadia DD15 with 380,000 miles in clean condition is trading in the $76,000 to $84,000 range right now, which works out to about $0.16 to $0.18 per mile in fixed cost over a four-year hold at 100,000 annual miles. That math pencils on most contract rates and beats the $0.22 to $0.25 per mile fixed cost on a comparable new tractor running through the tariff-loaded new market.

The second question is the maintenance budget. A used truck buyer in 2026 needs to budget at least 10 to 12 percent of the purchase price for first-year maintenance because deferred maintenance from prior owners shows up early. The cost-per-mile math on used equipment only works if the fleet has the cash flow or the credit line to cover an unexpected aftertreatment system replacement or a clutch rebuild in the first year. Small fleets that overlook this end up parking trucks instead of running them, and a parked truck is worse than no truck at all.

The third question is the financing structure. Loan rates on used Class 8 equipment are sitting in the 8 to 10 percent range for small fleets and owner-operators, with terms maxing out at 60 months on most lender programs. Buying for cash is the cheapest path; financing through a captive lender at the dealer is the most expensive. A small carrier that has not shopped at least three lenders before signing is overpaying on the deal even if the truck price was right.

How Section 232 Tariffs Are Pulling Demand Into The Used Market

The most underappreciated dynamic in the 2026 used Class 8 market is what is happening on the new side. Section 232 heavy truck tariffs added up to $35,000 to new Class 8 sticker prices in 2026, and the impact is bleeding directly into the used market through cross-shopping. A small carrier that priced a new Cascadia at $185,000 in late 2024 is now seeing the same configuration listed at $215,000 to $220,000. The math difference between buying new and buying a quality late-model used has widened by $30,000 to $45,000 in twelve months.

That cross-shopping pressure is showing up in auction data. Lots that would have closed for $72,000 in March 2025 are closing for $80,000 in May 2026 with five to eight bidders chasing each unit. Some of that bid pressure is buying intent ahead of the EPA 2027 pre-buy, but most of it is operators flat-out priced out of the new tractor market and pivoting to used capacity instead. The used market floor is now defined by what the new market is asking, not by what auction supply alone would justify.

How The Pre-Buy Plays Into The Buying Decision

The Class 8 freight market is signaling a recovery and the OEMs are positioning for it. Class 8 net orders rocketed 199 percent year-over-year in April 2026 as the EPA 2027 pre-buy intensifies. That order surge means OEM backlogs will tighten through the second half of 2026 and 2027 build slots will sell out fast. Used trucks coming off lease in 2027 and 2028 will be priced against a market with very little new supply available, which is why ACT projects modest upward pressure on used values into Q4 and through 2027.

For the small carrier deciding between buying now versus waiting six months, the math favors buying now if a quality unit is available at a fair price, the cost-per-mile pencils, and the fleet has the financing locked. Waiting six months loses any pricing flexibility because supply is going to get tighter, not looser. Waiting twelve months puts the buyer in the middle of the pre-buy demand curve at peak prices.

Bottom Line

The 2026 used Class 8 market has bottomed. Depreciation is running at one percent monthly, supply is tightening, and Section 232 tariffs are pulling new-truck demand into the used market. Small carriers should treat the next ninety days as a real buying window. Quality five- to seven-year-old units priced at the right cost-per-mile will hold value through 2027 and let the fleet capture the freight recovery without taking on the sticker shock of new equipment at tariff-inflated prices. The window narrows fast as the pre-buy ramps. The fleets that wait too long will pay materially more for the same iron in 2027.

Questions Carriers Ask

Is now finally a decent time to buy a used Class 8?

ACT Research’s 2026 outlook, cited in the post, puts Class 8 depreciation at just over one percent per month — roughly half the depreciation rate of the broader used commercial vehicle market — and reads it as a signal the bottom in big-truck values is in. After two and a half years of compressing values, the market signal is now flashing the other way.

What’s pushing used truck demand back up?

The post points to stronger order activity, a tightening capacity picture, the EPA 2027 pre-buy, and Section 232 tariffs pulling demand into the used market. Together those pressures work against waiting for further price drops.

How is this different from the 2022 used truck spike?

The post has a section on exactly that question — why the 2026 recovery is different from the 2022 spike. Understanding the difference matters because buyers who treated 2022 prices as normal got hurt when values compressed afterward.

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Innovative Logistics Group