“During the month of March, America became hyper-aware of the trucking industry’s vital role,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “Volume and pricing at auctions were fairly strong and at this moment, freight measures have contracted back to pre-surge levels and then some. This should apply additional downward pressure to used truck demand.”
J.D. Power Valuation Services (formerly NADA Used Car Guide) is a leading 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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