Commercial Truck Market Forecast

Auction volume and pricing decreased in September 2024. Retail volume ticked up slightly, with sleeper depreciation mild and daycab pricing stable. CLASS 8 AUCTION UPDATE Sales...

SEPTEMBER 2024 COMMERCIAL VEHICLE MARKET UPDATE SUMMARY Auction volume increased in August 2024 and pricing dipped. Retail volume was typical, and depreciation was normal, with daycabs...

Sales volume at auctions in August 2024 increased moderately from July. Pricing was mildly lower than last month, due partly to actual market movement but also unfavorable condition and mileage of trucks in the dataset this month.

Average pricing for almost all model years of the benchmark model we track was stronger in July. Volume was back down to a typical level after...

Retail volume was way up in June. Depreciation accelerated moderately as a result. The average sleeper tractor retailed in June was 68 months old, had 478,296...

Volume rose substantially in June, and was in fact the highest we’ve seen for our benchmark group since at least late 2015. Pricing was fairly solid...

Dealers retailed an average of 3.9 trucks per rooftop in May, 0.5 truck higher than April, and identical to last May. This increase is encouraging, and...

Volume was down considerably in May, which made analysis difficult and resulted in averages that are not necessarily representative of market conditions. A more complete analysis...

Retail pricing continues to outperform auction, and that gap has widened. We expected to see pricing fall more notably in April, following the auction channel. This...

At the auctions we track, volume was down across the board, and pricing was mixed. Starting with Class 3 – 4 cabovers, a newer mix of...

April was the first month in which buying and selling took place entirely under the economic shutdown, so we were very curious to see how volume...

May 1 marks the first milestone in the very gradual reopening of the American economy. Many states have slightly dialed back the most stringent restrictions on...

April is the first full month in which sales activity took place entirely during the economic shutdown, so we’re eager to look at how the market...

In normal times, pricing trends in the retail market usually lag the auction market by roughly 3-5 months. In our current environment, trucks in both channels...

The volume of 4-7 year-old trucks sold at auction was healthier than expected in March, given the fact that most auctions moved to online-only. Pricing was...

The disruptions to the auction and retail markets in March resulted in unexpected price movements. In response, we took the unprecedented step of revising values for...

As one of the most historically-significant months in recent history draws to a close, lets look at how market conditions were affected by the massive economic...

Retail pricing came in better than expected in February. Any negative month-over-month averages were driven more by a mix of trucks with higher mileage than a...

The volume of 4-7 year-old trucks sold at auction was healthy in February, rebounding nicely from a typically low January. In fact, February’s volume was the...

Late-model trucks lost more value than expected in December. Sales volume of 3 year-old trucks increased notably, while the volume of 4 and 5 year-old trucks...

There was a notable month-over-month increase in the volume of 4-7 year-old trucks sold at auction in December. Pricing was markedly lower on average. Both measures...

November’s retail environment was in line with expectations, with no notable pre-holiday bump, and average-mileage trucks continuing to lose ground. On the bright side, low-mileage trucks...

The volume of 4-7 year-old trucks sold at auction in November was very similar to October. Pricing was mildly lower on average. Conditions felt similar overall...

The volume of 4-7 year-old trucks sold at auction in October pulled back to typical levels after the massive surge in September. Trades and bankruptcy liquidations...

Depreciation is accelerating, which should come as a surprise to no one. Low-mileage trucks are still bringing fairly strong money, but the definition of “low-mileage” continues...

Low-mileage trucks are still bringing respectable money, while average to higher-mileage units are depreciating more heavily. Fleets simply don’t need as many trucks as they did...

A massive increase in the number of 4-7 year-old trucks sold in September means the floodgates opened, at least for one month, as the industry continues...