The sleeper market looks to be off to a strong start so far this year. Preliminary February data puts the first two months of 2012 up $4052 (or 8.4%) over the same period of 2011, despite a substantial 33,237 (or 6.0%) increase in mileage. February’s preliminary average price of $48,655 is less than $1000 away from the record of $49,539 set in September, 2011.

On a month-over-month basis, the trend established in the second half of 2011 remains in place – namely, the market is tolerating pricing in the high-$40’s for sleeper tractors with mileage up to the mid-500’s. February’s preliminary results are on the high side of that rule of thumb, which paints a favorable picture of used truck demand.

Stay tuned for in-depth analysis of this and other data in the April edition of GuideLines, available around April 9th.