Attention, truck enthusiasts! July 2024 is proving to be a treasure trove of exceptional truck deals, and we have the inside scoop just for you. Whether you’re seeking a classic workhorse or a modern powerhouse, Bumper.com’s vast dataset of over 61 million vehicles has revealed intriguing trends in the used truck market. With price fluctuations ranging from slight dips to substantial year-over-year declines, now may be the opportune time for savvy buyers to strike. Remember, these aren’t just numbers; every truck has its own history, and employing vehicle history reports and VIN decoding toolscan help provide you with a detailed view of what you’re purchasing. So, let’s delve into the key trends and takeaways for the best truck deals this month!
Key trends for the best truck deals in July 2024
Chevrolet GMT-400 tops the charts
This classic truck has seen a 9.58% price increase over the past year, yet recent price dips suggest a favorable buying period. The current average list price is approximately $11,408.06.
Jeep Gladiator’s steep year-over-year drop
The Jeep Gladiator has experienced a dramatic 19.90% price decrease from a year ago, making it an appealing option for those seeking a rugged yet modern vehicle. Despite stable prices in recent months, the average price is now $37,207.44.
Ram 1500 — a consistent performer with lower prices
The Ram 1500’s prices have been steadily dropping, showing a 16.09% decrease compared to last year. The average list price is now $30,614.97. Given its popularity and high number of listings, a thorough VIN decoding will help ensure the best deal.
Nissan Titan’s ups and downs
The Nissan Titan has faced varied price movements, with recent months showing a slight increase but an overall annual decrease of 12.23%. The current average price is $26,785.10. Given its higher mileage, a detailed vehicle history report can be essential.
Chevrolet S-10 Pickup’s surprising surge
The Chevrolet S-10 Pickup has seen price increases both annually and more recently, indicating rising demand. The current average price stands at $9,351.27, up from $7,800.08 last year. Its vintage appeal can make VIN decoding and history reports crucial to avoid overpaying.
Top 10 trucks based on their average discount
1. Chevrolet GMT-400
The Chevrolet GMT-400 leads our list with a significant market presence and an average discount of 2.20%. This classic truck’s popularity continues, despite high mileage on listings.
- Average listed vehicle mileage: 167,535.28
- Average initial list price: $11,684
- Average final list price: $11,422
- Average price change 30 to 60 days ago: 5.47%
- Average discount seen from list to sale: 2.20%
- Market share (number of vehicles): 295
2. Jeep Gladiator
The Jeep Gladiator ranks second with an average discount of 1.90%. This truck has a low average vehicle age and moderate mileage, making it a favorite among newer used vehicles.
- Average listed vehicle mileage: 22,169.74
- Average initial list price: $47,597
- Average final list price: $46,679
- Average price change 30 to 60 days ago: -0.07%
- Average discount seen from list to sale: 1.90%
- Market share (number of vehicles): 3,731
3. Ram 1500
The Ram 1500 takes the third spot, with a 1.60% average discount. It is one of the newer options in the market compared to the top-ranked vehicle, with moderate priced cuts over the last 30 days.
- Average listed vehicle mileage: 57,970.03
- Average initial list price: $38,676
- Average final list price: $38,039
- Average price change 30 to 60 days ago: -0.09%
- Average discount seen from list to sale: 1.60%
- Market share (number of vehicles): 28,752
4. Nissan Titan
This truck is situated in a similar discount bracket with the Ram 1500 with a discount rate of 1.60%. The Titan has seen a recent increase in price, reflecting its market dynamics.
- Average listed vehicle mileage: 79,534.57
- Average initial list price: $30,551
- Average final list price: $30,064
- Average price change 30 to 60 days ago: 2.93%
- Average discount seen from list to sale: 1.60%
- Market share (number of vehicles): 3,269
5. Ram 2500
Ranked fifth, the Ram 2500 shows a 1.50% discount. This truck has seen moderate price stability over recent periods.
- Average listed vehicle mileage: 60,151.09
- Average initial list price: $52,743
- Average final list price: $51,954
- Average price change 30 to 60 days ago: 0.25%
- Average discount seen from list to sale: 1.50%
- Market share (number of vehicles): 7,067
6. Hyundai Santa Cruz
The Hyundai Santa Cruz ranks sixth with a 1.40% discount. This newer model has the lowest mileage among the entries, making it attractive for a certain segment of buyers.
- Average listed vehicle mileage: 11,696.54
- Average initial list price: $34,881
- Average final list price: $34,404
- Average price change 30 to 60 days ago: -0.99%
- Average discount seen from list to sale: 1.40%
- Market share (number of vehicles): 446
7. Ford Ranger
The Ford Ranger has a comparable discount rate to the Hyundai Santa Cruz at 1.40%. Its consistent market presence supports steady pricing.
- Average listed vehicle mileage: 61,700.05
- Average initial list price: $28,906
- Average final list price: $28,514
- Average price change 30 to 60 days ago: 1.31%
- Average discount seen from list to sale: 1.40%
- Market share (number of vehicles): 4,538
8. Nissan Frontier
The Nissan Frontier also holds a 1.40% discount, with a stable market position and slight price fluctuations.
- Average listed vehicle mileage: 65,490.63
- Average initial list price: $25,395
- Average final list price: $25,051
- Average price change 30 to 60 days ago: 1.57%
- Average discount seen from list to sale: 1.40%
- Market share (number of vehicles): 5,953
9. Ram 3500
With a slightly lower discount of 1.30%, the Ram 3500 is marked by a high initial list price and consistent market presence.
- Average listed vehicle mileage: 67,750.36
- Average initial list price: $61,323
- Average final list price: $60,496
- Average price change 30 to 60 days ago: 1.37%
- Average discount seen from list to sale: 1.30%
- Market share (number of vehicles): 2,588
10. Chevrolet S-10 Pickup
The Chevrolet S-10 Pickup offers a discount similar to the Ram 3500 at 1.30%, but stands apart with a significant price increase trend in recent months.
- Average listed vehicle mileage: 141,374.81
- Average initial list price: $8,573
- Average final list price: $8,458
- Average price change 30 to 60 days ago: 16.12%
- Average discount seen from list to sale: 1.30%
- Market share (number of vehicles): 242
Navigating the used truck market can be a complex endeavor, especially when identifying the best deals. As we’ve seen, trucks like the Chevrolet GMT-400 and Jeep Gladiator offer significant opportunities for savings, but such potential bargains come with their own sets of considerations.
Buying a truck isn’t just about the price tag—it’s about understanding the story behind each vehicle. Ready to find your perfect truck? Start by running a vehicle history report on Bumper.com today to try and ensure you’re getting the best deal possible.
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.