We are still tracking the 2011-2013 model years as our benchmark group of sleeper tractors, because this age cohort continues to represent the majority of sleeper tractors sold at auction. We will incorporate 2014 model year trucks as they enter the auction market in greater numbers.

With that in mind, auction volume of 2011 and 2012 model-year trucks was down compared to December, while 2013’s increased dramatically. The low volume of 2011’s and 2012’s resulted in essentially no change compared to December, while the increase in 2013’s resulted in a notable drop in pricing – lower even than 2012’s. See below for graphs and commentary.

Specific auction performance of our benchmark model was as follows:

MY2013: $26,247 average; $4,745 (or 15.3%) lower than December

MY2012: $27,895 average; $127 (or 0.5%) higher than December

MY2011: $24,868 average; $98 (or 0.4%) lower than December

New and used truck measures point to a somewhat unexpectedly healthy environment, which would be welcome given the substantial returning supply of used trucks the industry will absorb this year. Stay tuned for further analysis.