Used truck prices tumbled in 2016

Volvo’s VNL 780 with Volvo’s D13 engine and iShift transmission was the most expensive 3- to 5-year-old used truck in 2016.Volvo’s VNL 780 with Volvo’s D13 engine and iShift transmission was the most expensive 3- to 5-year-old used truck in 2016.

Used truck prices were down in 2016 with 3- t0 5-year-old tractors selling for $8,803 less (12.5 percent) on average than in 2015, according to a report from Overdrive sister site Successful DealerIn December of last year, the average 3- to 5-year-old sleeper sold for $53,916 with an average mileage of 435,732.

Volvo VNL 780 and Kenworth T660 tractors were the most expensive 3- to 5-year-old used trucks in 2016, selling on average for more than $60,000. Freightliner Cascadia tractors, along with certain Peterbilt 386, 387 and 587, and Volvo VNL 670 configurations landed in the middle, selling for between $55,000 and $60,000.

Using the NADA Used Car Guide’s February Guidelines Commercial Truck Guide Industry Update, Successful Dealer found that 3- to 5-year-old VNLs with Volvo’s D13 engine and iShift transmission netted just over $60,000 on average in the retail market last year. That price was slightly higher than Kenworth’s T660 with a Cummins ISX and manual transmission and the VNL 780 with a D13 engine and manual transmission. Those were the only other configurations to surpass $60,000 on average during 2016.

Cascadia models with a Detroit Diesel 15-liter and automated manual or manual transmissions were the fourth- and fifth-most expensive used tractors during the year. These were followed by the Peterbilt 386 (ISX/manual), Volvo VNL 670 (D13/iShift AMT), Peterbilt 387 and 587 (Paccar MX/manual) and VNL 670 (D13/manual). All of these models averaged between $55,000 and $60,000 retail.

Only two configurations – Mack trucks with an MP8 and manual transmission and International ProStar tractors with Navistar’s Maxxforce engines and manual transmissions – averaged less than $50,000 in the 3- to 5-year-old market. The Mack tractors averaged just over $45,000, while the Internationals were around $25,000. The same ProStar tractors with a Cummins ISX instead of the Maxxforce averaged around $50,000.

This report is part of a series of stories from Successful Dealer on used trucks.

Showcase your workhorse
Add a photo of your rig to our Reader Rigs collection to share it with your peers and the world. Tell us the story behind the truck and your business to help build its story.
Submit Your Rig
Reader Rig Submission