MCLEAN, Va.--(BUSINESS WIRE)--In the February 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that few auctions in January meant very little sales volume. Retail volume was similar to December, but pricing was down. The medium duty market was mixed, with conventionals stable and cabovers somewhat weak.
“Once we get February sales numbers in, we will have more data to crunch to provide a clearer forecast,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “We don’t foresee much change in market conditions for the month of February, but we should be nearing the end of the worst of the devaluation.”
Major findings in the free monthly report note:
- January market conditions met expectations
- Volume was way down at the auctions, as is typical
- Retail pricing was down moderately month-over-month
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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