Looking at the average price of the benchmark sleeper tractor sold through the two largest nationwide no-reserve auction companies, Class 8 auction volume increased in June, reflecting high levels of off-lease supply and mild to moderate increase in demand. Pricing was fairly stable for late-model trucks, and low-mileage trucks look to be increasing in value. Conditions in the second half will depend on the degree of economic reopening.
In every class, retail sales saw year-over-year decreases, presumably caused by the COVID-19 outbreak. The Class 8 market saw the biggest decline, with sales plummeting more than 60% in May 2020 compared to May 2019.
By Heavy Duty Trucking
As of April 1, 2021, pickup trucks and Class 4-6 medium-duty units experienced an increase in wholesale values over the prior month, but heavy-duty Class 7-8 trucks experienced a small dip.
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As of March. 1, 2021, all truck classes experienced decreases in wholesale values over the past month.
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As of Feb. 1, 2021, all truck classes experienced decreases in wholesale values over the past month.
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As of Jan. 1, 2020, all truck classes experienced decreases in wholesale values over the past month.
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As of Dec. 1, 2020, all truck classes from pickups to medium-duty Class 5-6 as well as Class 7-8 heavy-duty trucks saw a decrease in wholesale prices month-over-month.
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As of Nov. 1, 2020, all truck classes declined in overall wholesale values.
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As of Oct. 1, 2020, pickup trucks continued the dramatic and steady month-over-month increase in wholesale values from June to October 2020.
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As of Aug. 1, 2020, pickup trucks saw a huge spike in wholesale values from June to July 2020.
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As of July 1, 2020, average wholesale values for all model-year 2015-2017 truck classes experienced some form of increase in value, except Class 7 medium-duty.
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As of June 1, 2020, all truck classes continued to experience a drop in resale values for 2015-2017 model-year units. This is the second month of decreases following the rise in all values in April 2020.
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As of May 1, 2020, all truck classes experienced a dropin resale values for 2015-2017 model-year units compared with the rise each class saw last month.
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As of April 1, 2020, all truck classes experienced a rise in resale values for 2015-2017 model-year units.
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