February 2025 Commercial Truck Guidelines

FEBRUARY 2025 COMMERCIAL VEHICLE MARKET UPDATE

Auction volume was typically low in January 2025, making generalizations difficult. Retail pricing was higher than January 2024.

CLASS 8 AUCTION UPDATE
With very few auctions on the calendar in the first half of the month, January is typically the slowest month of the year. January 2025 was no exception. This low volume of sales combined with a very wide range in mileage skewed the averages in our table lower than actual market movement. For detail and clarity on what happened in January, please see our subscription valuation and consulting products.

That said, looking at late-model sleeper tractors, average pricing for our benchmark truck in January was:

• Model year 2023: $83,651; $2,599 (3.0%) lower than December

• Model year 2022: $58,389; $7,924 (11.9%) lower than December

• Model year 2021: $41,005; $5,993 (12.8%) lower than December

• Model year 2020: $39,772; $1,619 (3.9%) lower than December

• Model year 2019: $24,512; $2,738 (10.0%) lower than December

Note as of this month, we are considering “four-to-six-year-old” to include model years 2022-2020. With that in mind, selling prices for that group in January 2025 were nearly identical to January 2024, with less than 1% separating the two periods. Pricing for that cohort is currently 16.6% higher than the strong pre-pandemic period of 2018 in nominal figures (7.0% lower if adjusted for inflation), and 75.3% higher than the last market nadir in late 2019 (42.7% higher if adjusted for inflation). Month-over-month comparisons will return next month.