Average pricing for late-model trucks pulled back slightly month-over-month, as a higher volume of lower-priced models filtered through the market.

The average sleeper tractor retailed in September was 68 months old, had 455,658 miles, and brought $56,414 Compared to August, the average sleeper was 3 months newer, had 124 (0.0%) fewer miles, and brought $2,934 (5.5%) more money. Compared to September 2017, this average sleeper was 1 month newer, had 11,620 (2.5%) fewer miles, and brought $9,470 (20.2%) more money.

Looking at trucks three to five years of age, September’s average pricing was as follows:

Model year 2016: $79,382; $3,498 (4.2%) lower than August

Model year 2015: $64,398; $2,099 (3.4%) higher than August

Model year 2014: $50,983; $650 (1.3%) higher than August

On a year-over-year basis, late-model trucks sold in the first 9 months of 2018 brought 8.6% more money than in the same period of 2017. Depreciation is running 0.2% per month in 2018, compared to 1.7% last year.

Class 8 sales per dealership fell back below the 5.0 trucks per rooftop threshold, coming in at 4.9. This result matches the year to date average, and is mildly behind expectations. We still see the volume of trades increasing incrementally going forward.