Commercial Truck Market Conditions Could See Mild Changes, J.D. Power Finds
MCLEAN, Va., Jan. 30, 2019 /PRNewswire/ — In the January 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that although Class 8 auction and retail channels closed out 2018 with no real surprises, current market conditions are pointing to a maturing boom cycle.
“Two months of notably lower new truck orders is pretty close to a trend,” said Chris Visser, Commercial Truck Senior Analyst at J.D. Power Valuation Services. “Expect conditions in the first half to look similar to recent months, with an increasing supply of used trucks causing mildly higher depreciation.”
Major findings in the free monthly report note:
- Class 8 auction market little changed
- Market has less tolerance for higher mileage
- Class 8 retail conditions stable
- Sales volume down notably in November and December
- Duty market generally weak in December
- Cabovers and heavier conventionals down notably
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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SOURCE J.D. Power