McLEAN, Va., Aug. 22, 2018 /PRNewswire/ -- In the August 2018 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services found the volume of the three most popular sleeper tractors sold through the two largest nationwide auction companies dropped to its lowest level since January.
"Despite production constraints, fleets have been taking delivery of a higher number of new trucks and as we get into the second quarter of 2019, their needs will be closer to being met," said Chris Visser, Commercial Truck Senior Analyst at J.D. Power Valuation Services. "At roughly that time, the acceleration in economic conditions should be moderating to an extent, creating more typical supply and demand conditions."
Major findings in the free monthly report note:
- Auction volume back down to January levels
- Low-mileage trucks remain hot
- Retail volume up mildly
- Depreciation averaging less than 1% per month in 2018
- Most medium duty segments weak in June
- Heavier conventionals were the exception
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.
Media Relations Contacts
Geno Effler; Costa Mesa, Calif.; 714-621-6224; firstname.lastname@example.org
About J.D. Power and Advertising/Promotional Rules www.jdpower.com/about-us/press-release-info
SOURCE J.D. Power