Looks like August’s used truck prices are going to surprise on the upside. As we wait for the last of our sales reports to trickle in, data currently in our database indicates that Class 8 sleeper trucks overall rose just under $1000, with average mileage ticking up about 8K. The benchmark 4-year-old sleeper market woke up from its malaise to rise an estimated $3000, with mileage up about 7K. Even dealer sales volume was healthy, with August results similar to July’s.

August’s data just confirms what we should all know by now – buyers continue to pay elevated prices for trucks with historically high mileage.

Stay tuned for a complete analysis of August sales data in our October Guidelines late next week.