MCLEAN, Va., Dec. 21, 2018 /PRNewswire/ -- In the December 2018 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that the volume of trucks sold at auction returned to a more typical level in November with pricing less stable, however, the retail market continues to see mild depreciation.
"Despite the somewhat lower pricing in November, depreciation in 2018 has been nonexistent," said Chris Visser, Commercial Truck Senior Analyst at J.D. Power Valuation Services. "As we move into the winter months, there will be fewer auctions on the calendar, making market judgments less clear. We expect a typical slowdown in auction volume and mildly lower pricing in the first quarter of 2019."
Major findings in the free monthly report note:
- Auction volume back up to a typical level
- Pricing less stable
- Retail channel seeing mild depreciation
- Volume was lower than previous months
- Medium duty conditions similar to last month
- Most segments recover from a weak September
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.
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 and private equity firm headquartered in London, and is led by its four founders: Athene Li, Joseph Pacini, Murphy Qiao and Carsten Geyer.
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SOURCE J.D. Power