Economic News

FEBRUARY 2024 COMMERCIAL VEHICLE MARKET UPDATE SUMMARY Auction volume for January 2024 was unusually high, but pricing remained stable. Retail sales volume again was depressed, although...

Despite high volume, selling prices for trucks with similar specs and mileage were not much different from December, lending credence to our observation from last quarter that devaluation in the auction lanes has largely played out.

JANUARY 2024 COMMERCIAL VEHICLE MARKET UPDATE SUMMARY Auction volume was up substantially in December 2023, but pricing was surprisingly stable. Retail sales volume remains depressed, and...

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.