MCLEAN, Va., Nov. 16, 2017 /PRNewswire/ -- Commercial truck analysts at J.D. Power Valuation Services note in their November 2017 Commercial Truck Guidelines Industry Update that October's commercial truck wholesale auction market experienced a significant drop in volume, but that prices were nearly identical to September on average.
Major findings in the free monthly report note:
- Auction volume down significantly, yet pricing unchanged
- Recent pricing stability suggests supply/demand equilibrium
- Retail pricing stead on higher volume
- Depreciation is slightly better than last year
- Medium duty pricing generally down
- Class 4's returned the best monthly performance, again
Chris Visser, senior commercial truck analyst at J.D. Power Valuation Services said, "Volume of the most common sleeper tractors auctioned this month was down notably from September. Pricing was similar month-over-month, with little up or down movement on average."
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