The wholesale environment in July (dealer-to-dealer and dealer-to-wholesaler) was essentially unchanged for yet another month. Average pricing in the first 7 months of 2017 is running 2.2% lower than the same period of 2016.

The average sleeper tractor sold wholesale in July was 75 months old, had 533,018 miles, and brought $28,212. Compared to June, trucks sold in July were 12 months older, had 19,320 (3.8%) more miles, and brought $57 (0.2%) less money. Compared to July 2016, the average sleeper sold this month was 9 months newer, had 85,384 (13.8%) fewer miles, and brought $1,493 (5.0%) less money.

The average wholesale selling price of 3-5 year-old sleepers ticked back up in July, bringing the figure back up to May’s result. Average wholesale pricing for the 3-5 year-old cohort was $42,740 - $1,362 (3.3%) higher than June. On a year-over-year basis, late model trucks wholesaled in the first 7 months of 2017 are averaging 2.2% lower than the same period of 2016.

The Class 8 market has been leveling out since early this year. Look for milder depreciation to continue in upcoming months.