Volume came back in most segments in March, providing more insight on market performance. Rental fleets and other users of medium duty trucks did not accelerate their purchases of new trucks in the past year to any great extent, so the increased volume is mainly seasonal and not due to increased trade activity.

The average 4-7 year-old Class 4 conventional wholesaled in March had 105,610 miles and brought $19,950. Month-over-month, this truck had 11,578 (or 9.9%) fewer miles and brought $569 (or 2.9%) more money. Year-over-year, this average truck had 6,865 (or 7.0%) more miles and brought $1,856 (or 10.3%) more money.

The average 4-7 year-old Class 6 conventional wholesaled in March had 163,447 miles and brought $23,670. Month-over-month, this truck had 37,596 (or 18.7%) fewer miles and brought $4,587 (or 24.0%) more money. Year-over-year, this average truck had 26,576 (or 19.4%) more miles and brought $1,476 (or 5.9%) less money. 

Comparisons over time look favorable except in the category of volume. Through the first quarter of 2015, there were 35% fewer 4-7 year-old class 4 and 6 trucks reported sold. This difference is not particularly meaningful, since the higher-volume 2008 model year was included in 2014’s results but not 2015’s. Also, volume has trended upward each month this year. In view of all these factors, we continue to consider the conventional market in gradual improvement.