As mentioned in our most recent Guidelines, the volume of trucks reported sold at auction has increased notably since 2013 began. We stated that this increase is likely due in part to a greater number of sleeper tractors with over 600,000 miles filtering through this channel. Further investigation suggests that medium duty trucks and vans are also a likely factor.

April was a particularly high-volume month, with 3716 trucks reported sold. This figure is the highest we’ve seen since August of 2010, and is 659, or 17.7%, higher than last April. Through the first four months of 2013, we show a total of 12,163 trucks reported sold. This figure is 1431, or 11.8%, higher than the same period last year.

Pricing on average has decreased moderately during this period. In the first four months of 2013, auction pricing averaged $13,059, which is $1411, or 9.8%, lower than same-period last year. Keep in mind that these averages are for the entire combined medium and heavy markets. More detailed analysis by market segment needs to be completed in order to gain a more thorough understanding of market dynamics.

Stay tuned for more detailed analysis in the near future.