Top 10 Luxury Used Trucks in April 2024

The luxury used truck market has revealed remarkable trends as of April 2024, sparking interest among consumers aiming for high-end comfort without the hefty price tag of a new purchase.

To assist prospective buyers, Bumper.com has compiled this guide to the top 10 used luxury trucks that have seen significant price reductions over the last month. The rankings are based on an analysis of Bumper.com’s wealth of vehicle history data, VIN lookups, and decoding expertise. The rankings provide clear insight into the fluctuations of value and pinpoint the perfect time to invest in a versatile truck that blends functionality with luxury.

 

Key trends in the luxury used truck category

 

1. Steady depreciation highlighted

A consistent trend in decreasing prices is apparent across our curated top 10 list. Notably, the Ford F-450 leads with a 14% annual average price drop, followed closely by the luxurious electric Rivian R1T, which has decreased by 22.59%. This trend spells increasing affordability for consumers who seek both luxury and value.

 

2. Electric trucks on the rise

The significant price reduction of the Rivian R1T over the year marks a surge in the availability of used electric trucks. As technological advancements continue and sales of electric models rise, luxury electric trucks are set to become an attractive choice for savvy second-hand buyers.

 

3. Indications of market stability

Despite noticeable price decreases, the retention rate of the original listing price for these luxury trucks remains high, demonstrating their strong value preservation. For instance, the Chevrolet Silverado LTD has retained nearly 99% of its initial listing price, underscoring sustained demand.

 

4. Identifying buying opportunities

The Ford F-450, experiencing a modest 2.22% average price change over 30 days, exemplifies how slight decreases could serve as pivotal buying signals for observant consumers. These short-term price movements offer strategic opportunities for informed buyers, especially those utilizing VIN history and decoding insights for a deeper market understanding.

 

5. Balancing mileage with age

An interesting observation among the top trucks is the moderate use of older vehicles. For instance, the GMC Sierra HD and Chevrolet Silverado demonstrate relatively low average miles, despite their age.

Top 10 trucks by popularity and their analysis

 

1. Ford F-450

The Ford F-450 tops our list, showcasing a notable year-over-year price reduction, indicating potential bargains for buyers. This truck balances power with luxury and has seen a significant inventory variation over the year.

• Average Price Today: $77,502.14
• Average Price Change YoY: -14.22%
• Average Odometer Reading: 35171.61
• Percent of Original Listing Price: 98.40%

 

2. Rivian R1T

As an electric option, the Rivian R1T stands out for its eco-friendliness and innovative technology, despite its significant price drop over the past year. This model might appeal to environmentally conscious consumers looking for advanced tech.

• Average Price Today: $68,133.72
• Average Price Change YoY: -22.59%
• Average Odometer Reading: 7354.96
• Percent of Original Listing Price: 90.90%

 

3. Chevrolet Silverado

A classic favorite, the Chevrolet Silverado offers a blend of reliability and versatility, with a relatively stable price trend, making it an excellent option for both work and leisure.

• Average Price Today: $57,085.83
• Average Price Change YoY: -2.09%
• Average Odometer Reading: 17588.93
• Percent of Original Listing Price: 97.80%

 

4. Ram 3500

Known for its heavy-duty capabilities, the Ram 3500 is ideal for those requiring maximum towing and payload. Its slight price decline over the year may attract those looking for powerful performance at a better value.

• Average Price Today: $62,063.00
• Average Price Change YoY: -5.77%
• Average Odometer Reading: 34095.4
• Percent of Original Listing Price: 95.80%

 

5. Ford F-150

Arguably the most versatile truck, the Ford F-150 is known for balancing capability with luxury. Its slight price reduction and considerable inventory make it a solid choice for various needs.

• Average Price Today: $59,641.05
• Average Price Change YoY: -5.49%
• Average Odometer Reading: 12945.63
• Percent of Original Listing Price: 97.90%

 

6. GMC Sierra HD

The GMC Sierra HD distinguishes itself with premium features and robust performance for heavy-duty tasks, coupled with a moderate price decline over the year, pointing towards potential deals.

• Average Price Today: $65,390.69
• Average Price Change YoY: -6.77%
• Average Odometer Reading: 21662.17
• Percent of Original Listing Price: 96.50%

 

7. Ford F-350

For those who need a truck capable of performing strenuous tasks, Ford’s F-350 offers exceptional towing capacity. Its year-over-year price reduction suggests a buyer’s market.

• Average Price Today: $64,087.84
• Average Price Change YoY: -8.94%
• Average Odometer Reading: 36338.32
• Percent of Original Listing Price: 97.60%

 

8. Ram 2500

A slightly less heavy-duty option compared to the 3500, the Ram 2500 is adaptable for both work and daily driving. Its minor price changes indicate a stable market position.

• Average Price Today: $58,795.87
• Average Price Change YoY: -4.60%
• Average Odometer Reading: 22082.17
• Percent of Original Listing Price: 96.00%

 

9. Ford F-250

Similar to the F-350, with slightly less towing capacity, the Ford F-250 serves well for heavy-duty purposes with a side of luxury. Its price stability may appeal to those seeking reliability without breaking the bank.

• Average Price Today: $61,460.76
• Average Price Change YoY: -7.85%
• Average Odometer Reading: 33868.91
• Percent of Original Listing Price: 97.90%

 

10. Chevrolet Silverado LTD

This limited edition of the Chevrolet Silverado maintains a solid market stance with minimal price changes, offering exclusivity alongside renowned reliability.

• Average Price Today: $54,470.88
• Average Price Change YoY: -3.82%
• Average Odometer Reading: 10171.49
• Percent of Original Listing Price: 98.90%

 

Conclusion

The landscape of luxury used trucks is evolving, presenting a golden opportunity for potential buyers. As demonstrated by our comprehensive analysis, various factors point toward a buyer-friendly. These factors include the combination of steady depreciation, the rise of electric trucks, indications of market stability, strategic buying opportunities, and the balance between mileage and age. Prospective purchasers equipped with detailed VIN lookups and a thorough understanding of vehicle history reports stand to make more informed decisions, helping ensure confidence in the condition and value of these top-ranking luxury used trucks.

 

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.