The graph below traces auction pricing for 4-7 year old medium duty conventionals.
September’s auction results show a continued slide in Class 6 selling prices. Classes 4 and 5 firmed up for September, although not enough to push the moving 2-month average in the upward direction. We’re attributing this performance partly to a higher mileage and slightly older mix of Class 6 trucks sold compared to Classes 4 and 5. In addition, supply in that segment is most likely more than adequate to meet demand.
We will continue to track performance in these segments and report back periodically.