Class 8 retail pricing was essentially unchanged from last month. Sales volume remained subdued as fleets kept their lower-mileage trucks in service rather than trading them in as expected. The newest, lowest-mileage trucks that do become available are bringing strong money.

The average sleeper tractor retailed in May was 81 months old, had 448,612 miles, and brought $53,062. Compared to April, the average sleeper was identical in age, had 11,125 (2.4%) fewer miles, and brought $3,763 (7.6%) more money. Compared to May 2017, this average sleeper was 9 months older, had 2,088 (0.5%) more miles, and brought $4,294 (8.8%) more money.

Looking at trucks three to five years of age, May’s average pricing was as follows:

Model year 2016: $75,161; $3,506 (4.5%) lower than April

Model year 2015: $66,167; $2,481 (3.9%) higher than April

Model year 2014: $48,939; $1,944 (4.1%) higher than April

On a year-over-year basis, late-model trucks sold in the first five months of 2018 brought 4.5% more money than in the same period of 2017.

Looking at specific models, there was essentially no price movement in May. The newest, lowest-mileage trucks are appreciating moderately across the board. Fleets need all the trucks they can get to move freight and compensate for the impact of the ELD mandate, so trucks that would otherwise have been traded in are being kept in service.