Strong Start to Class 8 Auction Market
January is usually the lowest-volume month of the year, due to few auctions on the calendar. Because of this small sample size, we won’t draw conclusions about the market just yet. That said, our prediction the year should start strong was certainly supported by hammer prices. See the average pricing detail for our benchmark truck below.
- Model year 2018: $51,179 average; $4,269 (9.1%) higher than December
- Model year 2017: $47,200 average; $1,332 (2.9%) higher than December
- Model year 2016: $37,333 average; $2,673 (7.7%) higher than December
- Model year 2015: $28,350 average; $2,924 (11.5%) higher than December
- Model year 2014: $20,344 average; $106 (0.5%) higher than December
Month-over-month, our benchmark group of 4-6 year-old trucks brought 28.0% more money, but again, don’t read too much into this figure. As we mentioned last month, the second half of 2020 saw prices increase, and we expect a healthy market in the first half of this year. We’ll start tracking average depreciation next month.