MCLEAN, Va., Sept. 24, 2018 /PRNewswire/ -- In the September 2018 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services found the August market looked very similar to July as used truck supply remains tight with strong pricing and medium duty trucks were mixed with conventionals stable but cabovers losing ground.
"Production constraints seem to be mostly alleviated at the factories, so we expect new truck deliveries to increase going forward and trade-in volume to ramp up incrementally," said Chris Visser, Commercial Truck Senior Analyst at J.D. Power Valuation Services. "Looking forward over the long term, the current new truck cycle should remain hot for at least another two quarters."
Major findings in the free monthly report note:
- Auction volume remains subdued
- Less than 100 units of our benchmark group sold in August
- Retail pricing remains strong
- Depreciation well under 1% per month in 2018
- Most medium duty market mixed
- Cabovers had a weak month, conventionals recovered
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; [email protected]
About J.D. Power and Advertising/Promotional Rules www.jdpower.com/about-us/press-release-info
SOURCE J.D. Power