Retail pricing remained stable for yet another month. Sales volume was moderately higher than last month, but there was still enough demand to absorb any increase in supply.

The average sleeper tractor retailed in June was 83 months old, had 451,541 miles, and brought $51,734. Compared to May, the average sleeper was two months older, had 2,929 (0.7%) fewer miles, and brought $1,328 (2.5%) less money. Compared to June 2017, this average sleeper was 9 months older, had 8,442 (1.9%) more miles, and brought $3,843 (8.0%) more money.

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

Model year 2016: $81,858; $6,697 (8.9%) higher than May

Model year 2015: $64,672; $1,495 (2.3%) lower than May

Model year 2014: $48,310; $629 (1.3%) lower than May

On a year-over-year basis, late-model trucks sold in the first five months of 2018 brought 5.6% more money than in the same period of 2017.

Class 8 sales per dealership rose back up to a more typical level in June, coming in at 4.9 trucks per rooftop. This result is still lower than the 5.0-5.5 average we had predicted for this point in the year. If upcoming months show further increases, we’ll know our predictions were just a little early. Market dynamics should be moving towards an increased supply of used trucks.