Volume of the most common sleeper tractors auctioned in November increased after a slow October. Pricing was very similar month-over-month, with the newest units showing some volatility based on low volume.

November auction performance of our benchmark model was as follows:

MY2013: $31,000 average; $2,880 (10.2%) higher than October

MY2012: $25,600 average; $400 (1.5%) lower than October

MY2011: $23,045 average; $955 (4.0%) lower than October

In the first 11 months of the year, trucks of model year 2011 averaged 0.6% depreciation per month, trucks of model year 2012 depreciated 0.2% per month, and trucks of model year 2013 depreciated 0.4% per month. Year-over-year, trucks four to six years of age are running 6.9% behind their counterparts a year ago, but this comparison is turning more positive based on the recent nonexistent depreciation. Supply and demand appear to be in equilibrium for the time being.