Construction activity in stronger regions continues to gradually drive up pricing for used construction trucks. Price and volume of trucks sold in 2014 to date outpaces 2013. Specifically, the average selling price of a 6-9 year-old construction truck in 2014 to date is $71,294. This figure is $1583 (or 2.3%) higher than same-period 2013. Average monthly sales volume for this cohort is 81.7 – a 20.3 (or 33.1%) increase over 2013.

The bulk of the used construction market is still represented by 6-9 year-old trucks, with a much lower volume of trucks 5 years old and newer available to the marketplace. The low number of these trucks sold new during the recession combined with longer ownership cycles of construction trucks (compared to their highway counterparts) are the main factors behind this lack of volume.

Economic conditions in a macro sense appear to be improving at a mildly greater rate than in 2013. General construction activity will increase in step. Long-term infrastructure funding would bolster demand for construction vehicles, but that solution is not in the political playbook of our current elected leaders.