Top 10 Used Trucks to Buy in February 2024

As the winter chill fades away, the market for used trucks is starting to sizzle. February 2024 is an opportune moment for both enthusiasts and budget-conscious buyers alike to find outstanding deals. Leveraging insights from more than 40 million vehicles in our database, Bumper.com has identified noteworthy trends that can guide you to becoming the savvy owner of a pre-owned truck. Whether your needs lean towards heavy-duty hauling or adventurous off-roading, we’re here to help steer you toward the best options available this month.

Key trends in the used trucks market

1. The Ford Explorer Sport Trac offers affordable adventure

Topping our list is the Ford Explorer Sport Trac, witnessing an -8.83% price decrease over the past 30 days. Averaging over 18 years of age with high mileage may get you worried about the vehicle’s condition, but a detailed vehicle history report can help to understand the background of these well-traveled trucks. Their older age and high usage tend to make them a popular budget-friendly choice for adventure-seekers.

2. Heavy-duty deals on the Ford F-450

The Ford F-450 showcases a significant annual price reduction of nearly 20%, making it an appealing option for those requiring exceptional towing and payload capabilities. With an average age below five years, you’re less likely to have much to worry about but prospective buyers can benefit from delving into VIN lookups for detailed wear-and-tear information.

3. Luxury for less with the GMC Sierra Limited

The GMC Sierra Limited has seen a price reduction of over 7% in the last 90 days, merging luxury with capability at a more accessible price point. With these trucks averaging less than three years old and showcasing low mileage, a VIN decoding is advisable to help discern whether this trend results from depreciation or a temporary price adjustment.

4. Trusted models becoming more affordable

Established models, such as the Ford F-150 and the Chevrolet Silverado, have experienced significant price declines, -23.09% and -17.62%, respectively, year over year. This trend indicates a more reachable market for reliable trucks, yet a detailed VIN lookup is recommended to help confirm the quality matches the appealing price.

5. Miles matter

Despite falling prices, the mileage on these vehicles shouldn’t be overlooked. Trucks like the Dodge Ram and Chevrolet Avalanche present lower average prices at the cost of higher mileage. It’s essential for potential owners to consider this trade-off, with vehicle history reports being a valuable tool in the decision-making process.

While these trends suggest it might be prime time to purchase, buying decisions should not solely be based on depreciation rates. Factors such as seasonality, market inventory, and the vehicle’s specific condition are crucial considerations. By employing vehicle history reports, VIN lookups, and VIN decoding, you can better understand the used truck you’re eyeing. 

Top 10 Trucks: Analysis and Key Stats

1. Ford Explorer Sport Trac

This model has seen a significant drop in price over time, with a decrease of -7.06% over the year. It’s the oldest among the top 10 on average, indicating it might be a budget option for truck enthusiasts okay with a dated model.

• Average Price Today: $8,832.55
• Average Miles: 147,465.85
• Average Age: 18.27 years
• Percent of Original Listing Price: 97.50%

2. Ford F-450

Despite exhibiting a substantial yearly price drop of -19.85%, the F-450 is still the most expensive truck in the top 10 list. It’s relatively newer, with an average age of 4.71 years and comes with lower mileage options.

• Average Price Today: $67,776.79
• Average Miles: 50,477.63
• Average Age: 4.71 years
• Percent of Original Listing Price: 98.20%

3. GMC Sierra Limited

The GMC Sierra Limited appears as a mid-tier truck with a moderate 4.74% yearly price decrease. It’s one of the newer models on the list with an average age of 2.47 years, appealing to those wanting newer used models.

• Average Price Today: $45,026.13
• Average Miles: 21,280.54
• Average Age: 2.47 years
• Percent of Original Listing Price: 96.80%

4. Dodge Ram

The Dodge Ram represents an affordable, mid-aged option, showing a 8.32% yearly price decline, which is more than the GMC, but less than several other competitors. 

• Average Price Today: $15,123.61
• Average Miles: 152,088.08
• Average Age: 16.1 years
• Percent of Original Listing Price: 97.10%

5. Ford F-250

Ford’s F-250 has seen a significant 24.56%  drop in its yearly average price, making it an appealing option for those seeking power without breaking the bank. With an average age of 6.91 years, it strikes a balance between newness and affordability.

• Average Price Today: $40,238.21
• Average Miles: 80,342.5
• Average Age: 6.91 years
• Percent of Original Listing Price: 97.70%

6. GMC Sierra

With a substantial 17.19% yearly price reduction, the GMC Sierra stands out as a valuable pick for buyers looking for a mix of affordability and newer models.

• Average Price Today: $35,941.01
• Average Miles: 69,780.35
• Average Age: 6.69 years
• Percent of Original Listing Price: 96.80%

7. Ford F-150

This model showcases a significant 23.09% depreciation, making it an attractive option for those seeking the versatility and reliability of the F-Series at a lower cost. It’s the most popular option on this list, with the most vehicles on the market.

• Average Price Today: $29,434.88
• Average Miles: 74,725.9
• Average Age: 7.0 years
• Percent of Original Listing Price: 96.40%

8. Ford F-350

Like its siblings, the F-350 has seen a notable 25.20% yearly price decline, making it another viable option for someone needing a powerful truck without the brand-new price tag.

• Average Price Today: $45,636.10
• Average Miles: 78,330.62
• Average Age: 6.83 years
• Percent of Original Listing Price: 97.70%

9. Chevrolet Avalanche

The Chevrolet Avalanche shows a 10.02% yearly price change, suggesting its value holds relatively well. Its average age is near 16 years, making it a dependable older truck.

• Average Price Today: $12,986.46
• Average Miles: 151,294.97
• Average Age: 15.93 years
• Percent of Original Listing Price: 96.50%

 10. Chevrolet Silverado

The Silverado stands as a favorite among truck enthusiasts with the most vehicles on the market today with 40,458. It also provides a good balance between price, age, and mileage, with a 17.62% yearly price decline. It’s a versatile vehicle that sustains its appeal in the used market.

• Average Price Today: $30,364.27
• Average Miles: 73,618.93
• Average Age: 7.02 years
• Percent of Original Listing Price: 96.60%

Our analysis highlights the diverse array of options available in the used truck market, catering to varying needs, preferences, and budgets. As prices fluctuate and models vary in age, mileage, and condition, it’s evident that the decision to purchase requires thorough research and consideration. Leveraging tools such as vehicle history reports and VIN decoding can provide deeper insight into each vehicle, helping you make a well-informed choice. 

AI Disclaimer: The images presented here were created using artificial intelligence (AI) technology. While we strive for accuracy, they are artistic representations and may not depict exact or true-to-life details. We do not guarantee the accuracy, relevance, or completeness of any information in these images. For accurate and detailed representations, we recommend consulting the vehicle manufacturer directly.