MCLEAN, Va.--(BUSINESS WIRE)--In the April 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that Class 8 pricing pulled back in the second half of March, but volume was solid. Medium duty trucks were lower across the board in volume and pricing.
“During the month of March, America became hyper-aware of the trucking industry’s vital role,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “Volume and pricing at auctions were fairly strong and at this moment, freight measures have contracted back to pre-surge levels and then some. This should apply additional downward pressure to used truck demand.”
Major findings in the free monthly report note:
Pricing decreased sharply in recent 4 weeks
- Volume still stable at auctions
Freight measures have pulled back to pre-surge levels
- Downward pressure on used truck demand
Medium Duty trucks down across the board
- Likely in for a challenging 2nd quarter
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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