In The News
Used truck market outperforms expectations
MCLEAN, Va. — The retail market is mildly outperforming expectations, with only minor depreciation despite increased volume, the commercial truck market trends report by the National Automobile Dealers Association Used Car Guide reported Monday.
The wholesale channel looks a bit less strong, perhaps predicting mild weakness going into the summer, the report said.
As for sleeper tractors:
- 2013 models averaged $85,062 through April 2015, a $2,797 (or 3.2 percent) decrease over 2012's this time last year.
- 2012 models averaged $73,667 through April 2015, a $2,179 (or 2.9 percent) decrease vs. 2011's this time last year.
- 2011 models averaged $64,851 through April 2015, a $4,902 (or 8.2 percent) increase over 2010's this time last year.
The continually increasing supply of 3- and 4-year-old sleeper tractors is the main factor
behind their depreciation in 2015, the report said.
Trucks that are five years of age perform better than their year-ago counterparts since essentially all 2011's are equipped with SCR emissions technology (unlike 2010 models). In addition, 2011 models sold retail averaged less than 500,000 miles, and are at a somewhat more attainable price point than newer trucks.
In April, 3- to 5 year-old units comprised 60 percent of the total sleeper database, up from 58 percent in March and 52 percent last April. The acceleration in new truck deliveries that started in the second quarter of 2014 is the main factor behind the increased supply, the report said.
Looking at the market overall, the report noted that the average used sleeper tractor retailed in April was 72 months old, had 481,164 miles, and brought $63,325.
Month-over-month, this truck was two months newer, had 3,170 (or 0.7 percent) more
miles, and brought $2,611 (or 4.3 percent) more money.
Year-over-year, this average sleeper was one month newer, had 25,835 (or 5.1 percent) fewer miles, and brought $3,345 (or 5.6 percent) more money.
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