McLEAN, Va. (June 14, 2012) – Retail pricing for Class 8 sleeper tractors continued to increase from January through April, despite average mileage near-record highs, says Chris Visser, senior analyst with the American Truck Dealers’ Commercial Truck Guide, a division of the National Automobile Dealers Association.

The findings were released today as part of the June 2012 edition of Guidelines, a monthly report that analyzes retail and wholesale pricing trends in the automotive and trucking industries.

The ATD/NADA Commercial Truck Guide section of Guidelines shows that retail prices in the sleeper tractor market were off the peak set in September 2011 by a modest 1.5 percent, with mileage 2.4 percent higher. After declining from October 2011 through February 2012, average pricing on sleeper tractors headed upward in March 2012, according to the ATD/NADA guide.

“High new-truck pricing combined with a low returning supply of used equipment has resulted in sustained price inflation,” Visser said.

According to the ATD/NADA guide, used sleeper tractors on average sold for $48,809 with 554,402 miles in April 2012.

“Because of the low new-truck build rate from 2007 to 2010 combined with the slow but steady domestic recovery, we expect the supply and demand relationship to favor high pricing for sleeper tractors going forward,” Visser added.

Click here for the June 2012 edition of Guidelines. Click here for Visser’s Commercial Truck Blog.

About the NADA Used Car Guide

Over a 79-year history, the NADA Used Car Guide has earned its reputation as the leading provider of accurate vehicle valuations and auction data. NADA offers a wide range of vehicle values, including those for used passenger car, light-duty and commercial truck, motorcycle, classic car and many more specialty vehicles. Available in a variety of delivery methods, NADA’s products and services are used daily throughout the auto, finance, fleet-lease, government and insurance industries. For more information, visit www.nada.com/b2b.

The NADA Story

The NADA story began in 1917 when 30 auto dealers traveled to the nation’s capital to convince Congress not to impose a luxury tax on the automobile. They successfully argued that the automobile is a necessity of American life, not a luxury. From that experience was born the National Automobile Dealers Association. Today, NADA represents nearly 16,000 new-car and -truck dealers, with 32,500 franchises, both domestic and international. For more information, visit www.nada.org.

Contact:

David Hyatt
Vice President
NADA Public Affairs
(703) 821-7120
dhyatt@nada.org 

Charles Cyrill
Director of Public Relations
NADA Public Affairs
(703) 821-7121
(216) 870-8837 (m)
ccyrill@nada.org