Medium duty conventionals recovered some ground in May, particularly in heavier-GVW segments. Cabovers held steady.

Starting with Class 3 – 4 cabovers, May’s average pricing came in at $14,613. This figure is $205 (1.4%) higher than April, and $2,256 (13.4%) lower than May 2017. Trucks sold this month looked very similar to last month in terms of mileage and pricing.

Looking at conventionals, Class 4’s averaged $18,012 in May. This figure is $775 (4.5%) higher than April, and $628 (3.%) lower than May 2017. Class 6’s averaged $20,712 in May. This figure is $1,149 (5.9%) higher than April, and $5,501 (36.2%) higher than an unusually low May 2017.

The mild gain in Class 4 value came despite higher average mileage, so this month’s result is mildly encouraging. Still, the most recent three months have not been particularly impressive for this segment. The gain in Class 6 value was more substantial, suggesting continued strength in this segment.