Wholesale used model year 2011 trucks slide below $30k

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Updated Sep 23, 2016

pricesUsed trucks are a buyers’ market with prices for model year 2011 trucks sliding below $30,000 for only the second time this year.

According to data released this week by J.D. Power and Associates, the average wholesale price of MY2011 trucks slid 41 percent ($4,514) from July, settling at $27,400. Trucks a year newer fell on average$2,261 (6.6 percent) to $32,000. Trucks of 2013 vintage settled at $36,000 on average, down $1,773 (or 4.7 percent) from July.

August activity this was represented mainly by 2012 model trucks.

“Looking at the year-to-date trend, depreciation in the auction lanes has generally leveled off since late spring,” says Chris Visser, J.D. Power commercial vehicle senior analyst and product manager. “Since January, 2013 model year trucks have lost about 19 percent of their value, trucks of model year 2012 have lost about 16 percent of their value, and trucks of model year 2011 have lost about 17 percent of their value.”

August’s figures translate to an overall monthly loss of just over 2 percent, which Visser says is substantially better than the nearly 5 percent average monthly loss in the second half of 2015.

“Of course, trucks sold this time last year were bringing roughly 30 percent more money than they are now,” he adds.

The retail side faired somewhat better with – among the models three to five years of age – the Freightliner Cascadia, Kenworth T660, and Volvo VNL64T 730/780 all falling into a range between $61,000 – $63,500 in August.

“The International ProStar appears to have taken a huge leap upward, primarily due to the inclusion of a number of 2014’s, after a few months of no sales of that model year,” Visser says, adding ISX -equipped ProStars of model year 2014 brought money comparable to the market average in July.

Jason Cannon has written about trucking and transportation for more than a decade and serves as Chief Editor of Commercial Carrier Journal. A Class A CDL holder, Jason is a graduate of the Porsche Sport Driving School, an honorary Duckmaster at The Peabody in Memphis, Tennessee, and a purple belt in Brazilian jiu jitsu. Reach him at [email protected]