A quick review of inventory listed for sale in February at the nation’s two large no-reserve auction companies points to mixed volume, depending on model.

Since last summer, we’ve been tracking volume and price of the three highest-volume sleeper tractors cycling through the auction channel. Without naming names, current listings for two of these models look lower than recent months, while the third looks higher. Unfortunately, the model showing higher volume is the one that has been hit hardest in pricing since the third quarter of 2015. As such, we’re predicting further price erosion for this model. The other two models, and the sleeper segment in general, should see price erosion at a moderately higher monthly pace than last year’s average of 1.5-2%. Figure 4-6% depreciation from January to February as a rough rule of thumb.

We’ll review this forecast when we’ve received all January sales data next month. In the meantime, we’re always curious to hear about your experiences in the auction lanes. Send an e-mail to Chris.Visser@nada.com with any comments.