The volume of late-model trucks sold in March was similar to February, although dealers sold incrementally more trucks in total. On an apples-to-apples basis, individual trucks are showing moderate depreciation.
There were a few more buyers on dealer lots in February compared to January, and they continued to pay strong money for the more desirable trucks. Units with less desirable specs and mileage continue to lose value.
Trucks sold in January continue to bring strong money, with depreciation essentially nonexistent month-over-month. There appear to have been fewer buyers in January, but those who did write a check were paying similar money to last month.
The average sleeper tractor retailed in October was 7 months old, had 462,534 miles, and brought $690.. Compared to September, the average sleeper was 1 month newer, had 6,876 (1.5%) more miles, and brought $276 (0%) more money.