LINCOLN, Neb.— The latest Sandhills Global Market Report shows that as more late-model (0- to 5-year age group) sleeper trucks have entered the market, sleeper trucks in the 7-year or older age group have dropped in value more steeply than newer models.
Year-over-year (YOY) auction values for sleeper trucks manufactured since 2015 decreased just 10 percentage points since the beginning of the year, while YOY auction values for sleeper trucks aged 7 years and older have posted 40% to 60% decreases over the same time frame. With a lack of new production to replace late-model sleeper trucks, asking values for used sleeper trucks made after 2017 remain positive, posting an 8% improvement since January.
The key metric used in all of Sandhills’ market reports is the Sandhills Equipment Value Index (EVI).
The Sandhills EVI data include equipment available in auction and retail markets, as well as model year equipment actively in use. Regional EVI data is available for the United States (and key geographic regions within) and Canada, allowing Sandhills to reflect machine values by location.
U.S. Used Heavy-Duty Sleeper Truck Inventory
- Asking values have historically begun their decline when inventory levels turn; April marked the fifth straight month-over-month increase in heavy-duty sleeper truck inventory. April 2022 inventory levels were down 14.8% YOY, a dramatic improvement from March when inventory levels were down 33.9.% YOY.
- Heavy-duty sleeper trucks in the 7-year-plus age group historically represent 27% of the total sleeper truck inventory; as of April, that age group accounts for 36% of the total sleeper truck inventory.
U.S. Used Heavy-Duty Sleeper Truck Values
- The Sandhills EVI indicates heavy-duty sleeper auction values increased 62.3% YOY, a 7-percentage point decrease from the start of the year when auction values were up 69% YOY.
- As shown in the graph, asking values for late-model sleeper trucks have displayed less decline than older models, likely due to the lack of new production available to replace the commercial trucks.
- While auction values for sleeper trucks manufactured prior to 2015 have declined sharply, posting 40- to 60-percentage point YOY decreases since January, asking prices for sleeper trucks in that age group have decreased by just 10 percentage points.
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