Top 10 Luxury Used Trucks in September 2024

As we explore the market for used luxury trucks in September 2024, savvy buyers are poised to capitalize on substantial price discounts. According to Bumper.com’s extensive database of over 65 million vehicles, several used luxury trucks are experiencing significant month-over-month price drops, signaling an opportune moment for those ready to make a purchase. Detailed vehicle history reports and VIN lookups provide critical insights into past ownership and other records, essential for buyers seeking both reliability and luxury. This month, we highlight the top 10 used luxury trucks worth considering, and examine the key trends that could inform your purchasing decision.

Key trends in the luxury used truck market

1. Widespread Price Reductions: Most leading models have seen price decreases over the past year, with significant drops of up to 24.52% for the Rivian R1T. This trend presents a prime opportunity for buyers to secure deals on premium models, provided they conduct thorough VIN checks to uncover any hidden issues.
2. Increased Price Competitiveness: The Ram 1500 holds a strong position in market presence and price competitiveness, with a slight decline of 1.87% in the last month. The abundance of models like the Ram 1500 gives buyers leverage during negotiations, especially when reviewing vehicle history reports to avoid potential pitfalls from previous use.
3. Growing Inventory of Luxury Trucks: The market is witnessing a healthy influx of luxury trucks, particularly the Ford F-250 and F-350, each boasting substantial inventories. Buyers should be mindful of the average days on the market to determine urgency. For example, the Ford F-450 typically spends just over 41 days listed.
4. Mileage and Vehicle Age Trends: Most trucks on our list average around two to three years of age, with mileages that reflect their usage patterns, providing valuable insights into their potential performance longevity. Conducting a thorough VIN lookup allows buyers to verify odometer readings and service histories, ensuring they make informed decisions.
5. Discount Opportunities Abound: Significant disparities between listed prices and final sale prices are evident, such as the Rivian R1T showing a notable 3.20% discount. Bumper.com data suggests that consumers who take action soon could benefit from even greater savings as the year progresses. Using vehicle history reports can further enhance this strategy by instilling confidence in your purchase.

Top 10 Vehicles

1. Ram 1500

The Ram 1500 remains a top contender, with a competitive average listed price and low mileage, making it a compelling choice for buyers. Despite a slight price decline, its strong market presence is evident, based on a consistent number of available vehicles.

• Average Listed Vehicle Mileage: 9,499.07 miles
• Average Initial List Price: $63,293
• Average Final List Price: $62,575
• Average Price Change (30 to 60 days ago): -1.87%
• Average Discount Seen from List to Sale: 1.10%

2. Ford F-450

The Ford F-450 is priced higher than the Ram 1500, with greater initial demand, yet it faces a significant year-over-year price drop. Notably, it has higher average mileage, which may impact buyer interest.

• Average Listed Vehicle Mileage: 38,911.74 miles
• Average Initial List Price: $86,681
• Average Final List Price: $85,554
• Average Price Change (30 to 60 days ago): -1.81%
• Average Discount Seen from List to Sale: 1.30%

3. Rivian R1T

As an electric truck, the Rivian R1T appeals to a niche market and has a relatively young vehicle age and low mileage. However, it has experienced the most significant price drop year-over-year, indicating challenging market conditions.

• Average Listed Vehicle Mileage: 9,894.78 miles
• Average Initial List Price: $84,987
• Average Final List Price: $82,281
• Average Price Change (30 to 60 days ago): -1.07%
• Average Discount Seen from List to Sale: 3.20%

4. Ford F-250

The Ford F-250 is appealing due to its solid performance metrics and competitive pricing. Its mileage is higher than the Ram 1500, yet it offers similar market presence with substantial transactions taking place.

• Average Listed Vehicle Mileage: 37,555.75 miles
• Average Initial List Price: $66,589
• Average Final List Price: $66,021
• Average Price Change (30 to 60 days ago): -0.85%
• Average Discount Seen from List to Sale: 0.90%

5. GMC Sierra HD

The GMC Sierra HD maintains strong appeal, with slightly lower listed prices compared to its competitors. Slight adjustments in pricing over the last month reflect a stable market interest.

• Average Listed Vehicle Mileage: 25,429.53 miles
• Average Initial List Price: $72,830
• Average Final List Price: $71,669
• Average Price Change (30 to 60 days ago): -0.83%
• Average Discount Seen from List to Sale: 1.60%

6. Chevrolet Silverado HD

With an average discount similar to the GMC Sierra HD and a competitive price range, the Chevrolet Silverado HD remains a favorite in the truck segment. Its market performance resembles that of its GMC counterpart.

• Average Listed Vehicle Mileage: 20,307.48 miles
• Average Initial List Price: $66,153
• Average Final List Price: $65,458
• Average Price Change (30 to 60 days ago): -0.77%
• Average Discount Seen from List to Sale: 1.10%

7. Ram 3500

The Ram 3500 shows a steady performance, with competitive mileage close to the market average. Nevertheless, its lower average price may attract budget-conscious consumers.

• Average Listed Vehicle Mileage: 37,403.59 miles
• Average Initial List Price: $70,411
• Average Final List Price: $69,252
• Average Price Change (30 to 60 days ago): -0.48%
• Average Discount Seen from List to Sale: 1.60%

8. GMC Sierra

The GMC Sierra provides a balanced pricing strategy and moderate mileage. Its slight price reductions indicate a stable yet competitive selling environment.

• Average Listed Vehicle Mileage: 27,319.52 miles
• Average Initial List Price: $63,061
• Average Final List Price: $62,338
• Average Price Change (30 to 60 days ago): -0.12%
• Average Discount Seen from List to Sale: 1.10%

9. Ford F-350

The Ford F-350 remains consistent with its price and performance metrics, matching the average truck market trends. Its increasing prices over the 30-day cycles denote a gradually improving demand.

• Average Listed Vehicle Mileage: 39,951.6 miles
• Average Initial List Price: $70,572
• Average Final List Price: $69,853
• Average Price Change (30 to 60 days ago): 0.03%
• Average Discount Seen from List to Sale: 1.00%

10. Chevrolet Silverado

The Chevrolet Silverado is the most affordable of the top ten, with a balanced approach to modifications and vehicle availability. Stable demand can be seen, despite slight price fluctuations.

• Average Listed Vehicle Mileage: 21,103.6 miles
• Average Initial List Price: $59,568
• Average Final List Price: $58,976
• Average Price Change (30 to 60 days ago): 0.34%
• Average Discount Seen from List to Sale: 1.00%

This comprehensive overview underscores the dynamic nature of the used luxury truck market. It highlights the levels of value and quality potential buyers stand to gain. With the backdrop of widespread price reductions, increased price competitiveness, and a diversifying inventory, the current market conditions are ripe for those seeking premium trucks at advantageous prices. Armed with the precise data and trends outlined, consumers are well-equipped to navigate the market smartly and secure a luxury truck that meets their needs and preferences.