Commercial truck analysts at J.D. Power Valuation Services noted in their May 2017 Commercial Truck Guidelines Industry Update that pricing of used commercial vehicles began to level out despite higher volume during April 2017.

Major findings in the free monthly report also point out:

• The used commercial truck retail channel is still showing typical depreciation. Pricing should level out in the upcoming months.
• Class 8 auction pricing has leveled out despite higher volume. The average selling prices of late-model trucks are actually trending upward.
• Medium duty segments are generally holding up well. Cabovers and lighter GVW conventional trucks are performing the best.

When asked about what flattening prices mean for the used commercial truck market, Chris Visser, senior commercial truck analyst at J.D. Power Valuation Services said, “This trend suggests the market is finding a bottom. Retail pricing still shows depreciation on par with late 2016, but we expect that channel to moderate as well.”

So what does this mean for the next few months? Visser went on to say, “Overall sentiment about the trucking economy is improving. It is possible we are finally seeing a degree of increased demand for used trucks. Values will continue to be impacted by returning supply, but evidence is building that pricing has found its floor.”