Used Truck Prices Are Finally Coming Down (A Little)

2006 Chevy Silverado

For the past three years, anyone who has tried to buy a used truck has noticed that the prices seem unrealistically high. People have blamed the high prices on everything from new truck supply issues, the pandemic, high truck demand, sunspots and tarot cards. While the reasons seem hard to pin down, it’s clear that trucks, even used ones, are now priced like a luxury car. But finally, it looks like the price of a new truck for you has come down, at least a little.

Used pickup truck prices drop at the end of 2022

Used trucks at a dealership | Photo by Anna Moneymaker, Getty Images

New to you truck prices have decreased by approximately 2.6% year-over-year and 2.7% in the last 90 days. That’s great news for those of us looking for a new truck for you. Still, according to the used car price trend tracker in CarGurus, the median price of a used pickup truck will still cost you $36.8800 today. However, at the end of 2021, a new truck for you would have cost, on average, $37,913.

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