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To prevent braking recession, heavy commercial vehicles are often equipped with fluid auxiliary braking devices, such as hydraulic retarder. Hydraulic retarder can convert the vehicle’s kinetic energy to the fluid heat energy, which can enormously alleviate the main brake’s workload. The traditional hydraulic retarder can provide enough braking torque but has a delay during the braking. In this paper, a new type of magnetorheological fluid (MR fluid) hydraulic retarder is introduced by replacing the traditional fluid with magnetorheological fluid because of its linear braking torque and quick response. By changing the magnetic field intensity, it is easier to control the braking torque than the traditional hydraulic retarder. The rise of magnetorheological fluid temperature during the braking period will reduce the hydraulic retarder’s performance.