From the monthly archives: October, 2013

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

Repossessions Remain Low Despite Increased Fleet Failures

According to Transport Topics (subscription required), an increased number of fleets failed in the 3rd quarter, bringing 2013 to date to a level substantially higher than last year. We are still not seeing any impact to the rate of repossessions sold through auctions, suggesting that the impact to the used truck market remains minimal. See graph below for detail...

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Newest Construction Trucks Continue to Firm Up

With most private and some public construction up year-over-year through August, we would expect increased demand for construction vehicles. As of September, we have seen upward movement in five-year-old and newer trucks.

The 2009 model year is the newest for which we have a statistically meaningful volume of data. As you can see from the graph below, 2009’s appear to have moved upwards substantially over the past two months...

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Wholesale Pricing Up on Higher Volume

In contrast to the retail used truck market, the wholesale channel returned notably higher sales volume in September. Sleeper tractor pricing also moved upwards. Specific age and mileage cohorts are showing positive movement, allowing for a moderately optimistic outlook...

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September’s Pricing Stayed Strong Despite Drop in Volume

September’s drop in sales volume was not combined with any decrease in pricing. The average price of a sleeper tractor retailed in September was essentially unchanged from August’s record result, while average mileage and price were nearly identical. 

Specifically, September’s average of $53,640 was a mere $450 (or 0.8%) off August’s record, while mileage of 537,424 was only 156 (or 0.03%) lower than August. Age was one month older, at 78 months. See graph below for detail...

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September Sales Volume Slightly Better than Predicted

With about 80% of our expected September sales data collected, retail sales per rooftop are trending mildly better than originally forcast, at 4.9. This makes September the slowest month since June. Prior to June, we have to go back to January of 2011 for a lower result. See graph below for details.

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October Commercial Truck Guidelines Is Available for Download!

Retail sleeper pricing sets yet another record (fifth month of 2013), the construction market is showing signs of recovery and value retention on 2010s is extremely strong. The October edition of Commercial Truck Guidelines dives into these topics and more. Click here to download the edition today! 

What Happened to September Sales Volume?

 With about 43% of our September dealer sales reports collected, retail used truck sales per rooftop are trending unexpectedly low. In fact, unless remaining reports show higher-than-average sales, September will likely turn out to be the lowest month since October of 2009 – nearly a four-year low. See graph below for detail.

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Competitive Comparison - MY2009 Sleepers

The graphs below show performance of model year 2009 aerodynamic sleeper tractors through August:

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