Commercial Truck Blog

May Auctions Return to Expected Pricing and Volume

What April bringeth, May taketh away. Pricing of our benchmark model was back down after an unusual April, with volume way up compared to previous months. May’s activity looked more logical given the market dynamics currently in effect. See below for detail.

  • Model year 2016: $36,500 average; $7,420 (17.0%) lower than April
  • Model year 2015: $36,000 average; $8,380 (18.9%) lower than April
  • Model year 2014: $28,750 average; $3,428 (10.7%) lower than April
  • Model year 2013: $23,500 average; $1,300 (5.2%) lower than April
  • Model year 2012: $18,750 average; $2,964 (13.7 %) lower than April
  • Model year 2011: $17,765 average; $1,730 (10.8%) higher than April

In the first 5 months of 2019, 4-6 year-old examples of our benchmark model brought 2.5% more money than in the same period of 2018. Monthly depreciation for this cohort is now averaging 2.5%, which is right around what we were expecting at this point.