Commercial Truck Market Sees Positive Start in 2018
Friday, February 23rd, 2018
According to Commercial truck analysts at J.D. Power Valuation Services in their February 2018 Commercial Truck Guidelines Industry Update, the Class 8 market looked positive in early 2018. December's retail pricing was back up, and January's auction results were similar to December's despite limited activity. Medium-duty trucks had a notably up month.
Major findings in the free monthly report note:
January was typically slow volume-wise
Pricing was stable
Retail pricing back up
Performance breaks 2 months of weak activity
Medium duty segment is solid
Performance figures point upward
Chris Visser, senior commercial truck analyst at J.D. Power Valuation Services, said, "Year-over-year, trucks 4 -6 years old that were sold in January ran 17.1 percent ahead of their counterparts a year ago. We're still collecting data for comparison, so we'll have more to say about this next month."