2021 Was a Year for the Record Books
Once-in-a-lifetime anomalies on both the supply and demand side of the trucking economy drove class 8 auction and retail pricing in 2021 to the highest levels in the modern era.
On the auction side, pricing for late-model sleeper tractors was 96.3% higher than 2020, and 89.2% higher than 2019. On the retail side, pricing was 40.7% higher than 2020, and 21.4% higher than 2019.
Most analysts predict status quo through at least the first half of the year. Later in 2022, a relaxation of parts shortages and a return towards more typical economic activity could place downward pressure on used truck pricing. Click the link below to download the January 2022 edition of our Guidelines monthly market update for a full analysis.