Economic News

AUGUST 2024 COMMERCIAL VEHICLE MARKET UPDATE SUMMARY Auction volume decreased in July 2024 and pricing continues to bounce along the floor. Retail volume returned to a...

Used Retail Prices Industry •Used retail vehicle prices have been gradually declining throughout 2024. As of July, the average used vehicle price was $28,469, marking a...

JULY 2024 COMMERCIAL VEHICLE MARKET UPDATE SUMMARY Auction volume increased notably in June 2024, but pricing decreased only moderately. Retail volume was depressed, but pricing changed...

Used Retail Prices Industry: Used retail prices at franchised dealers experienced a slight 0.6% loss in May relative to April. May’s decline was the first loss...

JUNE 2024 COMMERCIAL VEHICLE MARKET UPDATE SUMMARY Auction volume and pricing in May 2024 was little changed for the third consecutive month. Retail volume recovered April’s...

Auction volume of Class 8 sleeper tractors in May was very similar to April, which is historically typical. On a mileage-adjusted basis, pricing for these trucks was little changed. The market was more evenly weighted between low, average, and high-mileage trucks than any other month this year.

Used Retail Prices Industry Update Used retail prices at franchised dealers experienced 1.2% or $353 increase in April compared to March. April’s lift marked the second...

Auction and retail pricing in April 2024 was very similar to March, which we consider a mild upside surprise given the drop in sales volume. CLASS...

Auction volume of Class 8 sleeper tractors pulled back in April, which is typical for the month. On a mileage-adjusted basis, pricing for these trucks was little changed from March. However, anyone watching the large number of trucks with very high mileage for their age run through the lanes would be excused for feeling like trucks were bringing less money.

Auction volume increased for another month, and most sleeper tractors brought noticeably less money than February 2024. Most late-model sleepers moving through auction channels are marked...