We predicted the year would close out on a generally solid note, which most dealers would say was more or less the case. Counteracting this sentiment was November’s (belated) retail sales data, which depicted a moderately off month. We’re not concerned about this one-month exception to a generally firming trend, and we expect depreciation to continue to relax in upcoming months.

The average sleeper tractor retailed in November was 77 months old, had 461,211 miles, and brought $46,352. Compared to October, the average sleeper was 1 month newer, had 919 (0.2%) fewer miles, and brought $1,500 (3.1%) less money. Compared to November 2016, this average sleeper was 3 months older, had 10,378 (2.2%) fewer miles, and brought $1,287 (2.7%) less money. The retail sleeper market overall averaged 7.3% lower pricing in the first 11 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 1.9% per month so far in 2017. This figure is comparable to the 2.0% seen over the same period of 2016.

Average pricing by age was as follows:

3- year-old trucks: $64,735; - $5,186 (7.4%) lower than October

4- year-old trucks: $49,543; $5,457 (9.9%) lower than October

5- year-old trucks: $39,340; - $2,049 (5.0%) lower than October

On a year-over-year basis, late-model trucks sold in the first 11 months of 2017 averaged 5.3% lower than in the same period of 2016. Despite November’s dip, we expect year-over-year comparisons to continue to look less negative.