With about 80% of our July data received, we are projecting that the average retail price of a sleeper tractor declined about 1-2% to come in at approximately $48,500. Average mileage is projected to have increased about 2-3% to approximately 560,000.

The four-year-old sleeper tractor benchmark likely declined by a similar amount, coming in at approximately $64,500. Mileage for this group likely increased by 3-4% to approximately 450,000.

Overall, sleeper pricing remains historically high, with minor downward movement attributable to higher average mileage. Pricing at each mileage interval continues to beat this period last year.

The late-model sleeper market, as measured by four-year-old trucks, is still comfortably ahead of last year, although the spread is shrinking as this group trends mildly downwards.

If these projections hold, we will consider the market relatively steady in spite of reports of higher inventory levels. Stay tuned for final numbers early next month.