We haven’t posted any data from the construction segment since June because there hasn’t been much marketplace movement since then. With most of our July sales data received, we can at least look at how that segment performed in the first half of the year.

Like last time, I’ve combined retail, wholesale, and auction sales into one graph. This is due to the low volume of sales data for that segment, and is legitimate from a statistical standpoint because we’re looking for a segment-wide trend rather than absolute numbers.

Trucks included are all body types, all model years, adjusted for mileage and age. I have gone through the data and eliminated trucks with outlying price, mileage, and specs, so month-to-month mix is comparable.

Interestingly, the average age of all construction trucks reported sold has varied by just 16 months from January to July of 2011. This makes it easy to apply a model year adjustment. For reference, the year to date average age of this sample is currently 93 months. Average mileage is 240,687. This means that the typical construction vehicle you might see on a dealer’s lot or at an auction is just under 8 years old, with mileage in the mid-200’s.

Looking at the adjusted figures, we see a generous increase from January to February followed by a gradual uptick from February to the peak in April. The Jan-Feb increase may have simply reflected optimism about the economic recovery. The subsequent flattening out would have been more representative of the economic climate that we actually saw. In other words, any expected improvement in residential, commercial, or infrastructure just didn’t materialize. Note that the spike in unadjusted price for May is due solely to a slightly younger mix of trucks sold that month – our adjustment smoothes that out.

At this point, oil and raw materials are probably the most healthy economic sectors for these vehicles. Unfortunately, these sectors do not provide enough volume to support increased selling prices nationwide.

As always, we will continue to monitor this market segment closely and reflect any price trends in our values.