MCLEAN, Va., July 17, 2017 /PRNewswire/ -- Commercial truck analysts at J.D. Power Valuation Services note in their July 2017 Commercial Truck Guidelines Industry Update that June's commercial truck wholesale auction market returned to analyst expectations.
Major findings in the free monthly report note:
- June auction volume returned to normal levels after May's unusually low performance.
- Pricing slightly declined.
- Retail depreciation remained calm.
- Monthly depreciation ran 0.7 percent milder than in 2016.
- Medium duty market retrenched in May.
- Volume was mixed for the month.
Chris Visser, senior commercial truck analyst at J.D. Power Valuation Services said, "Volume of the most common sleeper tractors sold at auction increased greatly in June after a poor showing in May."
Visser went on to say, "We saw the pricing of our benchmark model decrease 2.8 percent compared to last month, which is a little higher than we expected. The drop is much less dramatic than what we saw in May."
J.D. Power Valuation Services
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.
SOURCE J.D. Power