Economic News

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...

As is typical for June, Class 8 sales volume was substantial. Despite this increased volume, pricing was surprisingly stable, actually ticking up a bit from May.

High-Mileage Trucks Continue to Impact Market CLASS 8 AUCTION UPDATE Sales volume in May 2023 was similar to April 2023, and the number of trucks with...

CLASS 8 AUCTION UPDATE Sales volume was mildly lower in April 2023 than March’s substantial total but it remains elevated as excess capacity is offloaded. Looking...

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

CLASS 8 AUCTION UPDATE Sales volume increased notably in March 2023, with most trucks sold showing higher-than-average mileage. As a result, depreciation accelerated. Looking at three-...

FEBRUARY 2023 USED VEHICLE MARKET UPDATE WHOLESALE PRICE INDEX In February, wholesale prices improved for the second consecutive month. As a result, the J.D. Power Valuation...

The auction market opened back up in February with healthy volume. Buyers are still paying a premium for trucks with low mileage.