May 2023 Commercial Truck Guidelines Report

By Chris Visser


Sales volume was mildly lower in April 2023 than March’s substantial total but it remains elevated as excess capacity is offloaded.

Looking at three- to seven-year-old trucks, average pricing for our benchmark truck in April was:
Model year 2021: $102,000; $15,000 (17.2%) higher than March
Model year 2020: $59,729; $4,588 (7.1%) lower than March
Model year 2019: $46,981; $3,430 (6.8%) lower than March
Model year 2018: $32,371; $3,997 (11.0%) lower than March
Model year 2017: $24,924; $532 (2.1%) lower than March

As mentioned a month ago, expect substantial swings in the model-year 2021 average due to very low volume. This month’s result is probably more representative of actual market conditions.

With that in mind, late-model trucks averaged 8.0% less money in April than March, and 48.5% less money than April 2022. In the first four months of 2023, late-model sleepers brought 47.0% less money than the same period of 2022. Monthly depreciation in 2023 is currently averaging 5.8%. The newest model years available in the marketplace are bringing about 20% more money than the strong pre-pandemic period of 2018, assuming average mileage per year. If we adjust values over time to 2023 dollars, that difference drops to parity.

Four-year-old trucks continue to cycle through auctions in substantial numbers. Most of these trucks are off-rental units with extremely high mileage. Our averages adjust for mileage, but trucks of this age with lower mileage are bringing stronger money.

download logo2
Share this post