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.

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