Senior Analyst and Product Manager
ATD/NADA Official Commercial Truck Guide
April’s retail and wholesale big rigs – Class 8 trucks – saw a greatly increased number of 2011 and 2012 model year trucks sold, signaling a possible market shift. Increased off-lease supply had its effects, but pricing for individual trucks wasn’t significantly impacted. That suggests April saw some leftover pent-up demand. Medium duty segments continued to see recovery; average-to-low mileage units brought in stronger market value than in recent months.
Average Used Truck Retailed in April Brought in $60,073:
$4,182 (7.0%) higher than March, and $8,619 (14.3%) higher than last April.
Average Mileage Was 506,381 — Lowest Recorded Since March 2011:
Figure is 17,678 (or 3.4%) lower than previous month, and 22,356 (or 4.3%) lower than April 2013.
Natural Gas Trucks Are Showing Up in Secondary Market but it’s Still Early:
No published benchmark yet, meaning buyers and lenders might be more hesitant.