With most private and some public construction up year-over-year through August, we would expect increased demand for construction vehicles. As of September, we have seen upward movement in five-year-old and newer trucks.

The 2009 model year is the newest for which we have a statistically meaningful volume of data. As you can see from the graph below, 2009’s appear to have moved upwards substantially over the past two months. In reality, these time periods include an outsized proportion of trucks with high-dollar equipment, particularly mixers. As such, the real upward movement is not quite as dramatic. Still, removing those trucks from the equation still shows undeniable upward movement.

As for even newer trucks, the little data we do have for them shows strength. Overall, this looks like a sustained improvement for trucks with remaining usable life.