Economic News

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...

Auction volume increased for another month, and most trucks brought noticeably less money than February. The majority of late-model sleepers moving through auction channels are marked by extremely high mileage for their age.

Used Retail Prices Industry: Used retail prices at franchised dealers increased by 0.7% or $195 in March compared to February. March’s lift signified the first month...

Used Vehicle Prices Industry Used retail prices at franchised dealers fell by 0.6% or $180 in February compared to January. February’s loss marked the second consecutive...

The first major sale of Yellow’s equipment took place on March 5, and pricing was what you might expect for a large number of trucks and trailers released into the market in a short period of time.

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...