With about 90% of November sales data received, NADA is predicting a minor rise in sleeper tractor pricing on average to put that measure once again at or near the $50,000 level. Compared to October, November points to a $600 increase in price, 29,000 decrease in mileage, and 5 month decrease in age. We attribute the higher global average to a newer, lower-mileage mix of trucks reported sold.
As you can see from the graph below, newer model years (2009 and newer) generally continue to depreciate notably, while 2008 and older trucks are holding their value quite well. The oddball here is 2010’s, which have seen a two-month increase. Interestingly, 2011’s have depreciated steeply over the same time period.
We will investigate this unusual behavior –as well as analyze other segments of the medium and heavy truck market - early next month in the January edition of GuideLines.
This will be my last Commercial Vehicle Blog entry for 2012. Have a happy holiday, and best wishes for 2013!