3-5 year–old trucks continue to dominate the retail landscape, making up 57% of our total retail database so far in 2015 (compared to 45% for same-period 2014). Volatility by model in the 1st quarter has given way to a bit more stability as volume steadily increases. Increased volume has led to mild depreciation, with the first 4 months of 2015 running $1,255 (or 1.7%) behind same-period 2014 on average.

Volvo’s VNL 730/780 continues to lead the market, continuing a trend that started about 3 quarters ago. Unlike some other makes, Volvo’s proprietary D13 powertrain performs similarly to Cummins’ ISX in the used market, with Volvo’s iShift automated transmission the most well-accepted in the market. 

The Freightliner Cascadia also performs strongly, running about 5% behind the 730/780. Like Volvo, Freightliner’s proprietary Detroit DD13 and DD15 engines perform on par with the Cummins ISX.

The Kenworth T660 and Peterbilt 386 are bringing essentially equal money, running about 2% behind the Cascadia. ISX-powered T660’s and 386’s perform mildly better than MX-powered units.

International’s ProStar is running about 24% behind the market average in this cohort. The MaxxForce engine was the sole available powerplant (for all intents and purposes) for the 2012 and 2013 model years, impacting this model’s value. International has made major investments to address the issues with this engine and its emissions systems on a national scale, and the majority of the ProStars in service have now had these upgrades performed. As such, it is likely that the marketplace is still working through a learning curve on the improved reliability of this model, and pricing is perhaps lagging where it should be. 

Stay tuned for additional analysis in the June edition of Guidelines, available next week.