We mentioned earlier this month that buyers returned to dealership lots in March after the severe winter. We now know that pricing trends didn’t change much in the retail channel despite the increased volume.

The average sleeper tractor retailed in March brought $60,730, had 484,315 miles, and was 74 months old. Compared to February, pricing was down $989 (or 1.6%), mileage was up 5,803 (or 1.2%), and age was 2 months older. Compared to March 2014, pricing was up $5,009 (or 9.0%), mileage was down 41,102 (or 7.8%), and age was 3 months younger.

The trend of younger trucks becoming available to the market continues in step with increased new truck deliveries. The 2010-2012 model years continue to dominate the market in terms of volume, while the 2011-2013 model years are seeing the heaviest depreciation (see graphs below for detail). 2010’s have absorbed the bulk of their initial depreciation, which likely explains their performance. Look for an increasing number of 2013’s to become available in upcoming months.

Stay tuned later this week for results from the wholesale channel.