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May 19, 2015

USED TRUCK SALES * USA's 2015: STRONG MARKET

* Florida - Class 8 used truck market looking strong — With exceptions


-- In the May edition of its commercial truck guidelines report, American Truck Dealers (ATD) analysts report that trucks that are three to six years old are responsible for the majority of the pricing strength found in the current used truck market... The report, prepared by the ATD — a division of the National Automobile Dealers Association (NADA) — found that retail pricing held up last month, despite increased sales volume... Chris Visser, senior analyst for the ATD/NADA Official Commercial Truck Guide, said Class 8 sales have rebounded nicely so far this spring, adding retail and wholesale pricing has held up relatively well despite the increased volume, with a few exceptions... The full 2015 May Guidelines report from ATD/NADA Official Commercial Truck Guide can be downloaded for free on the NADA Used Car Guide website at www.nada.com/b2b... In its market summary for retail sleeper tractors, the report said that through the first quarter of 2015, three- and four-year-old sleeper tractors are performing mildly worse than same-period last year, while five-year-old sleepers are performing moderately better...  Specifically : 

° Model year 2013 tractors averaged $86,105 through March 2015 – a $2,775 (or 3.1 percent) decrease over 2012’s this time last year. 
° The 2012s averaged $73,492 through March 2015 – a $2,672 (or 3.5 percent) decrease versus 2011’s this time last year. 
° And the 2011 averaged $64,806 through March 2015 – a $4,413 (or 7.3 increase) increase over 2010s this time last year... 

 ... Diving deeper, the report says model years 2010-2012 continue to represent the majority of sleepers sold in the retail channel at present, with this cohort comprising a full 58 percent of ATD’s retail sleeper database — 13 percent more than last year. These trucks are mainly trades resulting from the acceleration in new truck deliveries that started in the Q2 of 2014... Looking at the market overall, the average used sleeper tractor retailed in March was 74 months old, had 484,315 miles, and brought $60,730. Month-over-month, this truck was two months older, had 5,803 (or 1.2 percent) more miles, and brought $989 (or 1.6 percent) less money... Year-over-year, this average sleeper was three months newer, had 41,102 (or 7.8) fewer miles, and brought $5,009 (or 9.0 percent) more money. Again, the analysts said, these positive trends are due to the increasingly younger mix of trucks entering the market... 
 Boca Raton, FL, USA - Trucking News - May 18, 2015

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