Just when we thought we had a handle on the market, April comes along and throws us a loop. Volume of trucks sold was down notably from March, while pricing was up by an equally notable amount. See below for detail.
- Model year 2016: $43,920 average; $1,170 (2.7%) higher than March
- Model year 2015: $44,380 average; $7,780 (21.3%) higher than March
- Model year 2014: $32,178 average; $2,928 (10.0%) higher than March
- Model year 2013: $23,025 average; $2,375 (9.4%) lower than March
- Model year 2012: $21,714 average; $2,964 (15.8 %) higher than March
- Model year 2011: $16,035 average; $2,215 (12.1%) lower than March
Low volume can cause unexpected results in our averages, and that scenario was in place in April, partucularly for model year 2015. That said, we were still generally surprised by the higher pricing.
In the first 4 months of 2019, 4-6 year-old examples of our benchmark model brought 4.9% more money than in the same period of 2018. April’s results reduced average depreciation for the year down below 1% per month. We still expect pricing to reach parity with 2018 and then turn mildly negative, but that shift is down the road.