With about 85% of our individual dealer sales reports in, it looks like there was a drop in sales volume for May from this segment. We still have yet to hear from a few of our larger-volume dealers, so I’m hesitant to provide an estimate – but look for May to unwind much of the volume gains made in the preceding months.

Other sources were comparable to April in terms of volume, so this phenomenon appears limited to the dealer segment for the time being.

Happily, pricing in general does not appear to have changed appreciably, with retail selling prices looking comparable to April. The newest model years (2008 and newer) may be slowing their appreciation curve as more of these trucks enter the secondary market, but supply is still inadequate to meet demand.

For now, then, this development appears to be limited to volume. Look for final analysis in our July Guidelines, which will be out the second week of the month.