MCLEAN, Va., Nov. 12, 2015 /PRNewswire-USNewswire/ -- In their most recent November commercial truck Guidelines report, NADA Used Car Guide analysts focused the entirety of their monthly report on explaining the pricing devaluation that occurred August through October in the commercial sleeper tractor market. According to the findings of the report, the devaluation can be attributed to fleets returning large numbers of 3 – 5 year-old trades, increased no-reserve auction activity, and a decreased need for freight activity.
Market devaluation analysis in the report also points out:
- Auction pricing up to 30 percent lower for some models since August.
- Retail pricing has not been impacted to same degree.
- The freight environment suggests no change in conditions through the first quarter of 2016.
When asked about the developments in the commercial truck market, Chris Visser, senior analyst at NADA Official Commercial Truck Guide®, said, "It appears the 'critical mass' of sleeper tractor inventory was reached mid-year."
Visser went on to say, "Unfortunately, until the economy works its way through the excess inventory of goods, freight demand will remain at current levels. We expect pricing conditions to remain consistent until the second quarter."
About NADA Used Car Guide
Since 1933, NADA Used Car Guide® has earned its reputation as the leading provider of vehicle valuation products, services and information to businesses throughout the United States and worldwide. Its editorial team collects and analyzes over 1 million combined automotive and truck wholesale and retail transactions per month. Its guidebooks, auction data, analysis and data solutions offer automotive/truck, finance, insurance and government professionals the timely information and reliable solutions they need to make better business decisions. Visit nada.com/b2b to learn more. NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power and Associates.
Sr. Manager, Public Relations
NADA Used Car Guide®, a division of J.D. Power and Associates
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SOURCE NADA Used Car Guide