MCLEAN, Va.--(BUSINESS WIRE)--In the September 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that Class 8 and Medium Duty pricing were higher across the board in August. September should continue this recent trend.
“The trucking industry has been amazingly resistant to the massive social, political and economic upheaval our country is enduring,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “In the short term, we will see additional disruption when the CARES Act is rolled back and/or eliminated and also when the most contentious Presidential election in at least a generation unfolds.”
Major findings in the free monthly report note:
- Auction pricing rose for another month, now into appreciation territory
- Class 8 retail pricing up 2.8% compared to July
- Medium duty segments were strong across the board
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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