Sleeper tractors three to five years of age brought an average of 4.2% less money in April than March. Year-over-year, the first four months of 2016 are running $7,565 (or 10.1%) behind the same period of 2015.

Trucks of model year 2012 have fared the worst in 2016 to date, losing 21.8% of their retail value from January to April. In the same period of 2015, that age group had lost only 4.5%. This past April was likely an outlier, though, as an unusually large group of Freightliner Cascadias sold retail at a price typically brought in the wholesale market. As such, we expect May’s results to show an upward correction in the five-year-old cohort.

Trucks three and four years of age fared better, with 2014’s losing 2.3% of their value, and 2013’s gaining 0.7% month-over-month.

Looking at individual models, the Cascadia suffered in April due to the aforementioned group of 2012’s cycling through the market, as well as a wide range of prices for 2014 models. The Kenworth T660 gained ground for the second month in a row, moving upward in all three model years covered in this analysis. MX-engined units performed on par with ISX-powered units this month. The Peterbilt 386 underperformed its PACCAR cousin for a second month, this time due primarily to weak selling prices of a specific group of 2013 models.

See graph below for detail.