The three-to-five year-old sleeper market dipped mildly in July, coming in 1.4% lower than June on average. Year-to-date, 2015 is running 1.0% behind 2014. Trucks of model year 2012 are responsible for the lower year-over-year result, with this four-year-old group running 6.1% behind 2014. Increased supply is the main factor behind lower pricing. See graph below for detail.

Looking at individual models, the Volvo VNL 730/780 is back at the top of the aerodynamic sleeper pack this month, just edging out a resurgent Kenworth T660. The Volvos have been consistently high in all three model years represented in this graph, while the Kenworth’s strength was mainly in the 2013 model year. The T660 is typically represented in notably lower numbers than the 730/780, resulting in the higher volatility of that model.

Last month’s leader, the Freightliner Cacasdia, saw lower selling prices for 2012 and 2013 model year units, due to high volume. The Cascadia remains the highest-volume truck in the three-to- five year-old segment, underscoring its performance.

The Peterbilt 387/587 took a notable downward dip this month, mainly due to weak performance of 2011 387’s.

The three- to five-year-old cohort continues to dominate the used truck market. Minimal depreciation year-over-year indicates continued strong demand for late-model iron.