According to a report from J.D. Power Valuation Services, the Class 8 market has looked positive in early 2018.
December’s retail pricing was back up, and January’s auction results were similar to December’s despite limited activity. Medium-duty trucks had a notably up month.
The report also noted that January was typically slow volume-wise, pricing was stable and retail pricing was back up. This performance broke two months of weak activity.
Chris Visser, senior commercial truck analyst at J.D. Power Valuation Services, said, “Year-over-year, trucks 4-6 years old that were sold in January ran 17.1% ahead of their counterparts a year ago. We’re still collecting data for comparison, so we’ll have more to say about this next month.”
J.D. Power is a global provider of consumer insights, advisory services and data and analytics.
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