Both auction/wholesale and retail used sleeper market prices trended slightly down last month, J.D. Power announced Wednesday in its September 2017 Commercial Truck Guidelines Industry Update.
In the auction/wholesale market, volumes was up moderately, but overall MY 2011 to 2013 tractor prices were down 1.1 percent month-over-month (2011 and 2013 models, specifically, were down, 2012 tractors were up $371, or 1.5 percent).
J.D. Power says MY 2011 to 2013 remain the main focus of its auction/wholesale pricing model because “volume is still concentrated on those years. Three- and four-year-old trucks are still scarce in the auction lanes.”
Overall, J.D. Power writes the average sleeper tractor sold wholesale in July was 75 months old, had 533,018 miles and sold for $28,212. Compared to June, these most recent trucks were 12 months older, had 19,230 more miles and sold for $57 less money. Compared to July 2016, these trucks were 9 months newer, had 85,384 fewer miles and sold for $1,493 less money.
The month-over-month story in the retail market also mirrored last month’s report. J.D. Power says used trucks sold at retail “continue to bring moderately less money this year than last, but monthly depreciation remains milder.”
The average used sleeper tractor retailed in July was 75 months old, had 454,014 miles, and sold for $47,568. Compared to June, the average sleeper was 1 month older, had 10,610 more miles, and sold for $293 less money. And compared to July 2016, the average sleeper was 3 months older, had 20,823 fewer miles, and sold for $3,164 less money. J.D. Power says overall, the Class 8 retail sleeper market has averaged 8.7 percent lower pricing during the first seven months of 2017 compared to the same period last year.
Breaking the market’s largest cohort down by year, J.D. Power says 3-year-old trucks averaged $73,912 in July, a $1,468 increase over June. Four- and five-year-old trucks averaged $54,089 and $44,624, respectively, which were down $3,570 and $616 compared to the previous month.
