Retail Depreciation Ratcheted Up for Another Month
Market is still not gaining traction
SUMMARY
Depreciation in the auction lanes was consistent with September, but retail pricing dropped for another month.
CLASS 8 AUCTION UPDATE
At Class 8 auctions in October, sales volume dipped slightly from September and depreciation was consistent.
Looking at late-model sleeper tractors, average auction pricing for our benchmark truck In October was:
Model year 2023: Not enough data for comparison
Model year 2022: $43,093; $7,090 (14.1%) lower than September
Model year 2021: $36,760; $706 (1.9%) lower than September
Model year 2020: $30,866; $1,295 (4.4%) higher than September
Model year 2019: $22,225; $938 (4.4%) lower than September
Selling prices in October auctions for our benchmark truck aged four to six years averaged 5.5% lower than September 2025, but 1.6% higher than October 2024. Compared to the strong pre-pandemic market of 2018, current nominal pricing is 4.5% lower, but down 25.7% in real numbers. Relative to the last market low in late 2019, prices are 52.8% higher nominally and 21.0% higher when adjusted for inflation. Monthly deprecation for this group is averaging 2.2%. Late-model sleepers with average mileage continue to depreciate at a historically typical rate. Lower-mileage trucks remain scarce and continue to bring premium money 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.
