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 ValuationServices. "At roughly that time, the acceleration in economic conditions should be moderating to an extent, creating more typical supply and demand conditions."
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. Poweris 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; [email protected]