MCLEAN, Va., Sept. 20, 2017 /PRNewswire/ -- Commercial truck analysts at J.D. Power Valuation Services note in their September 2017 Commercial Truck Guidelines Industry Update that August's commercial truck wholesale auction market experienced increased volume, but that prices were largely unchanged.
Major findings in the free monthly report note:
- Auction volume up moderately in August
- Increase due mainly to one model
- Pricing stable in auction and retail channels
- Lower than last year, but depreciation has relaxed
- Medium duty segments mixed
- Major increase in Class 6 volume
Chris Visser, senior commercial truck analyst at J.D. Power Valuation Services said, "Volume of the most common sleeper tractors auctioned this month was up moderately from July, mainly due to one model. Prices were essentially flat, with 2011 through 2013 model year trucks losing an average of 1.1 percent of their value month-over-month."
About J.D. Power
J.D. Power is a global leader in consumer insights, advisory services and data and analytics. These capabilities enable J.D. Power to help its clients drive customer satisfaction, growth and profitability. Established in 1968, J.D. Power is headquartered in Costa Mesa, Calif., and has offices serving North/South America, Asia Pacific and Europe. J.D. Power is a portfolio company of XIO Group, a global alternative investments firm headquartered in London, and is led by its four founders; Athene Li, Joseph Pacini, Murphy Qiao and Carsten Geyer.
J.D. Power recently acquired NADA Used Car Guide (now J.D. Power Valuation Services), which 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.
J.D. Power Valuation Services
SOURCE J.D. Power