Despite the notable decrease in sales volume, pricing for most trucks was essentially unchanged in June. As such, we consider June a typically laid-back summer month for sales activity, and not indicative of any shift in demand.

The average used sleeper tractor retailed in June for $59,657, had 506,302 miles, and was 76 months old. Compared to May, this truck brought $565 (or 1.0%) more money, had 4,508 (or 0.9%) fewer miles, and was 2 months older. Compared to June 2014, this average truck brought $2,519 (or 4.4%) more money, had 15,284 (or 2.9%) fewer miles, and was 2 months older. See graph below for detail.

(Graph no longer available)

Narrowing focus to 3-5 year-old trucks, that cohort appreciated 1.9% month-over-month, but brought 0.5% less year-over-year.  3 year-old trucks have depreciated more heavily than 4 and 5 year-old models. Somewhat surprisingly, the volume of 3 year-old trucks reported sold in 2015 is running about 46% behind 2014, so the price difference appears to be due more to demand than supply. We will investigate this trend more extensively in an upcoming blog post and the August edition of Guidelines. See graph below for detail.

(Graph no longer available)

As always, feel free to add your observations about market conditions in the Comments section.