In the auction market, pricing of J.D. Power’s benchmark model was back down after an unusual April, with volume way up compared to recent months. May’s activity looked more logical than April’s given the market dynamics currently in effect, the report states.
In the first five months of 2019, 4- to 6-year-old examples of the benchmark model brought 2.5 percent more money than in the same period of 2018, according to the report.
J.D. Power says the average sleeper tractor retailed in May was 69 months old, had 456,127 miles, and brought $57,613. Compared with April, the average sleeper was two months younger, had 12,103 (2.6 percent) fewer miles and brought $815 (1.4 percent) more money. Compared with May 2018, this average sleeper was one month older, had 7,950 (1.8 percent) more miles and brought $4,551 (8.6 percent) more money.
Trucks three to five years of age, May’s average pricing was as follows:
“Year-over-year, late-model trucks sold in the first five months of 2019 brought 12.3 percent more money than in the same period of 2018,” the report states.
J.D. Power says Class 8 sales per dealership dropped to 3.9 in May, a 0.4 truck decrease compared with April, and the first time the average has dropped below 4.0 since January. Dealers are selling an average of 10.6 percent fewer trucks in 2019 compared with the same period last year.
