Economic News

DECEMBER 2023 COMMERCIAL VEHICLE MARKET UPDATE CLASS 8 AUCTION UPDATE Depreciation is relaxing as 2023 comes to an end. Late-model trucks with average or lower mileage...

CLASS 8 AUCTION UPDATE As in the retail channel, older, higher-mileage trucks continued to depreciate heavily in October 2023, while pricing for newer trucks firmed somewhat...

Class 8 auction selling prices are now roughly at the midpoint of 2018 (strong) and 2019 (weak) levels, while retail pricing is still roughly at parity...

September’s auction environment was characterized by a very substantial number of trucks sold combined with depreciation milder than last month but still higher than historically typical.

For the first time since the pandemic bubble began, Class 8 retail and auction selling prices are at or below 2018 levels in both nominal and...

As in the auction channel, more low-spec, high-mileage sleeper tractors are moving through retail outlets, frequently as package deals.

Following a two-month respite from depreciation, downward pressure on pricing materialized once again in August.

The Class 8 sleeper auction market continues to surprise on the upside, with pricing settled in at a level slightly higher than the most recent pre-pandemic...

Historically-typical seasonality was evident for another month as Class 8 sales volume dropped substantially in July. Pricing was stable for the second month in a row.

JULY 2023 COMMERCIAL VEHICLE MARKET UPDATE CLASS 8 AUCTION UPDATE As is typical for the month of June, Class 8 sales volume was substantial in June...