“Pricing is solidifying, customers are buying more used trucks and new truck orders and deliveries are heading back in the right direction,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “When a massive black swan event blows up everyone’s forecasting models, the human gut becomes the main driver of decisions. Fleets waited to see what would happen to freight volumes once the stockpiling effect shook out, and they seem to be OK with what they are seeing.”
Class 8 auction results were solid for another month
Late-model sleepers returned to their highest average pricing in 12 months
Class 8 retail pricing was stable
Sales volume was the highest in almost 2 years
Medium duty segments were flat-to-downward
Sales volume was down in lighter-GVW segments
J.D. Power Valuation Services (formerly NADA Used Car Guide) is a provider of vehicle valuation products and services to businesses. The team collects and analyzes more than 1 million automotive and truck wholesale and retail transactions per month, and delivers a range of guidebooks, auction data, analysis, and data solutions.
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