Class 8 Retail Depreciation Relaxed in November
MCLEAN, Va.--(BUSINESS WIRE)--Dec 19, 2019--
In the December 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that auction conditions are similar to last month. Depreciation relaxed and pricing movement in the retail channel is only noticeable in trucks about to turn three years old. The medium-duty truck market experienced a mixed month, with cabovers and Class 6 conventionals turning in an unimpressive performance.
“Fewer auctions are on the calendar for the upcoming winter months, so it will be more difficult to identify developing pricing trends,” said Chris Visser, Commercial Truck Senior Analyst at J.D. Power ValuationServices. “We expect current conditions to be in place until late in the first quarter, at which point we should have some sense of whether pricing has reached a bottom.”
Major findings in the free monthly report note:
Also see expanded analysis of our longer-term outlook this edition.
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 has offices serving North America, South America, Asia Pacific and Europe.
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KEYWORD: VIRGINIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: TRUCKING AUTOMOTIVE MANUFACTURING TRANSPORT MANUFACTURING
SOURCE: J.D. Power
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PUB: 12/19/2019 09:00 AM/DISC: 12/19/2019 09:01 AM