From the monthly archives: December, 2012

We are pleased to present below all posts archived in 'December, 2012'. If you still can't find what you are looking for, try using the search box.

Preliminary November Retail Figures

With about 90% of November sales data received, NADA is predicting a minor rise in sleeper tractor pricing on average to put that measure once again at or near the $50,000 level. Compared to October, November points to a $600 increase in price, 29,000 decrease in mileage, and 5 month decrease in age. We attribute the higher global average to a newer, lower-mileage mix of trucks reported sold. As you can see from the graph below, newer model years (2009 and newer) generally continue to depreciate notably, while 2008 and older trucks are holding their value quite well. The oddball here is 2010’s, which have seen a two-month increase. Interestingly, 2011’s have depreciated steeply over the same time period. We will investigate this unusual behavior –as well as analyze other segments of the medium and heavy truck market - early next month in the January edition of GuideLines. This will be my last Commercial Vehicle Blog entry for 2012. Have a happy holiday, and best wishes for 2013!  ...

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December Commercial Truck Guidelines Are Available!

December is a great time to take a look at year-to-year performance and year end review. Download your edition of December Guidelines today! 

Sleeper Market Ticks Slightly Upwards on Strength of Pre-’08 Trucks

In October, the retail sleeper market as a whole posted a minor $626 (or 1.3%) increase over September, coming in at $49,366. Mileage was very similar, at 551,773 – a 2214 (or 0.4%) increase over September. Compared to last October, this month’s results were a mere $2 higher, with mileage 27,021 (or 4.9%) higher. Year-to-date, 2012 is leading 2011 by $2922, with mileage 30,309 higher. As you can see from the graph below, pre-DPF  trucks (’08 and older) have remained essentially flat since the beginning of this year, while newer iron has steadily depreciated. As we’ve said, some of this depreciation is “natural,” as the newest trucks enter the market in greater numbers and with higher mileage. A the same time, the benchmark four-year-old sleeper has edged lower than same-period 2011 for three months in a row on a mileage-adjusted basis (see graph). This performance suggests softening demand for DPF-equipped iron. We expect a continuation of these trends into early 2013. Stay tuned for a com ...

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