September was a relatively strong month for the retail Class 8 market, with volume up notably and pricing on par with August.

The average sleeper tractor retailed in September was 75 months old, had 463,896 miles, and brought $47,050. Compared to August, the average sleeper was 2 months older, had 16,655 (3.7%) more miles, and brought $768 (1.6%) less money. Compared to September 2016, this average sleeper was 1 month newer, had 11,497 (2.5%) more miles, and brought $2,672 (5.4%) less money. The retail sleeper market overall averaged 8.2% lower pricing in the first 9 months of 2017 compared to the same period of 2016.

Looking at trucks three to five years of age, retail selling prices have dropped an average of 1.3% per month so far in 2017. This figure is similar to the 1.5% per month average in the first 9 months of 2016.

Average pricing by age was as follows:

3 year-old trucks: $70,555 - $359 (0.5%) higher than August

4 year-old trucks: $51,596 – $1,340 (2.5%) lower than August

5 year-old trucks: $42,586 - $106 (0.2%) lower than August

On a year-over-year basis, late-model trucks sold in the first 9 months of 2017 averaged 5.6% lower than in the same period of 2016. Supply of sleeper tractors will be an issue for the next two years, but the demand side should continue to incrementally improve.