Class 6 Conventionals and Class 3-4 Cabovers both saw gains in 2011 vs. 2010. The graphs below trace movement of 4-6 year-old Class 6 Conventionals and Class 3-4 Cabovers in the wholesale market in 2011 and 2010.
As you can see, both benchmarks enjoyed an uptick in the Spring, with price gradually falling throughout the year as average mileage increased. Class 6 Conventionals brought 14% more money in 2011 than 2010, despite mileage that was 15% higher. Class 3-4 Cabovers brought 11% more money in 2011, with mileage that was a notable 24% higher.
The various economic sectors that dictate medium duty purchasing behavior generally started to see some gradual improvement in late 2011. If economic trends continue to tick upwards, prices should start a more notable recovery.