Auction Rates Show Promise in Trucking Industry
The first data for used truck auction rates in 2025 have come out, and the numbers from J.D. Valuation Services show a lot of promise for the trucking industry in the years to come.
Details
Look at this graph from J.D. Valuation Services detailing used truck auction rates over time:
An interesting trend you may notice is that at the start of every new year, the lines jump up quite a bit. This is because of an illusion resulting from how the data is translated: at the end of each year, the model year moves to a different color. For example, if you look at the far right of the graph, you will see that the blue line increased in the jump to 2025, but the model year that was 3 years old in 2024 is now four years old, the red line is now the 2021 model year. When a year ends, a new model year takes the place of the blue line for 3-year old trucks and the model year that was previously purple is no longer tracked.
It is a really cool statistical quirk, but what about the real, hard numbers regarding truck prices? Here is what was reported for January 2025:
- 2023: $83,651; a decrease of $2,599 from December.
- 2022: $58,389; an 11.9% drop in the new year.
- 2021: $41,005; $5,993 (12.8%) lower than December.
- 2020: $39,772; a change of $1,619 from the month prior and an increase from when we last reported it for June’s numbers.
- 2019: $24,512; $2,738 (10.0%) lower than it averaged in December.
Conclusion
On the micro level, truck prices are trending downward slightly, but on a larger level spanning multiple months, trucks are retaining their value (with 2020 actually increasing in average auction over the course of eight months). This is a good indicator for the trucking industry: while vehicles generally trend downward due to depreciation, demand is good enough to almost match the rate of depreciation.
All of this is to say that now is a fantastic time to purchase either a new or used truck, as the patterns indicate the value will decrease slower than they have in most years (with the exception of 2021 where prices increased–an anomaly we may never see again). TopMark Funding can help by doing a soft credit pull without impacting your score and finding you the best rate for your particular scenario. Read on below for more information.
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