Class 8 Market Back to Typical Depreciation
OCTOBER 2025 COMMERCIAL VEHICLE MARKET UPDATE
SUMMARY
Market conditions in September remained consistent with August. Sleepers continue to depreciate at a historicallytypical rate in the auction and retail channels.
CLASS 8 AUCTION UPDATE
Sales volume at Class 8 auctions increased in September compared to August, while pricing edged downward across the board.
Looking at late-model sleeper tractors, average auction pricing for our benchmark truck In September was:
Model year 2023: $63,516; $8,011 (11.2%) lower than August
Model year 2022: $50,183; $940 (1.8%) lower than August
Model year 2021: $37,466; $1,873 (5.3%) higher than August
Model year 2020: $29,571; $399 (1.3%) lower than August
Model year 2019: $23,163; $2,745 (10.6%) lower than August
Selling prices in September auctions for benchmark trucks aged four to six years averaged 0.5% lower than August, but remained 8.2% higher than September 2024. Compared to the strong pre-pandemic market of 2018, current nominal pricing is just 0.2% lower—but when adjusted for inflation, it’s down 22.0%. Relative to the last market low in late 2019, prices are 56.8% higher nominally and 24.4% higher when inflation adjusted. Monthly depreciation for this group is averaging 2.1%.
Cutting through the noise, September’s used truck auction environment was similar to August’s. Lower-mileage trucks remain scarce due to ongoing fleet downsizing and heavy usage of trucks remaining in service.
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.
