Auction and Retail Pricing were Both Down in November

Auction and retail pricing declined, with the degree of decrease varying by segment.

CLASS 8 AUCTION UPDATE

Class 8 auctions in November saw higher sales volume than October, and depreciation was mild.

Looking at late-model sleeper tractors, average auction pricing for our benchmark truck In November was:

• Model year 2023: $58,847 (October data not available for comparison)

• Model year 2022: $43,998; $905 (2.1%) higher than October

• Model year 2021: $37,188; $428 (1.2%) higher than October 

• Model year 2020: $24,065; $6,801 (22.0%) lower than October

• Model year 2019: $21,865; $360 (1.6%) lower than October

Selling prices in October auctions for our benchmark truck aged four to six years averaged 4.9% lower than October 2025, and 6.2% lower than November 2024. Compared to the strong pre-pandemic market of 2018, current nominal pricing is 5.2% lower, but down 29.6% in real numbers. Relative to the last market low in late 2019, prices are 44.8% higher nominally and 14.5% higher when adjusted for inflation. Monthly deprecation for this group is averaging 2.3%. Late-model sleepers with average mileage continue to depreciate at a historically typical rate. Lower-mileage trucks remain scarce and continue to command a premium price at auction and retail. 

As usual, the limited volume of trucks sold each month results in swings in the raw data averages that are not necessarily reflective of actual market movement. For detailed pricing of individual makes and models, check our published values or contact us about a consulting project.