From the monthly archives: November, 2013

We are pleased to present below all posts archived in 'November, 2013'. If you still can't find what you are looking for, try using the search box.

Higher-Mileage Trucks Impacted October Wholesale Pricing

The mix of trucks sold in October had mileage slightly higher than September, which resulted in a mild decrease in average pricing month-over-month. Sales data submitted to NADA shows that the average price of a sleeper tractor sold at auction or dealer-to-dealer in October was $29,283. That truck had 663,235 miles, and was 83 months old. See graph below for detail...

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Strong October Results Suggest September was an Anomaly

October sales data shows sales per dealership back up to the 2013 average and retail pricing close to the record, suggesting that September’s drop in volume was not the start of a market shift...

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New Truck Sales Vs. Used Truck Pricing

New truck sales (deliveries) were closely correlated to used retail sleeper tractor pricing from late 2009 through mid-2012. Since mid-2012, these two indicators have diverged, with sales trending generally downward, and pricing initially stable and then sharply upward. See graph below for detail...

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Supply of Domestic Crude Keeps Diesel Price Down… For Now

Transport Topics recently published an interesting article outlining the main factors behind the recent low prices of gas and diesel. Not surprisingly, increased domestic production of crude is the main driver of this trend. We are currently in a somewhat rare period where we can observe “natural” supply and demand play out in the marketplace...

 

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November Commercial Truck Guidelines is Available for Download!

In this month's Commercial Truck Guidelines, retail sleeper tractor pricing was just off the record high despite an unexpected drop in volume. Wholesale sleeper tractor pricing increased, as did volume through that channel. In general, a decline in the number of newest, highest-priced trucks sold defined the September marketplace. Download November's edition to read more! 

Sales Volume Recovered in October

October looks to have recovered most of September’s unexpected 18% drop in retail sales volume. With about 60% of our October dealer sales data collected, sales per rooftop are running at the 6.0 truck level, or 17% above last month. We don’t forecast much change in this figure as we receive the remainder of our October data...

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Fleets Plan to Bet More Heavily on Natural Gas

A recent Wall Street Journal article nicely summarizes statements large fleets have made regarding their plans to purchase natural gas trucks...

 

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