In the July 2018 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services predict that in coming months, fleets will take delivery of additional new trucks, and trade activity will increase, forcing market dynamics to look more normal.
"Sales volume was moderately higher than last month, but there was still enough demand to absorb any increase in supply," said Chris Visser, Commercial Truck Senior Analyst at J.D. Power Valuation Services. "If upcoming months show further increases, we'll know our predictions were just a little early. Market dynamics should be moving towards an increased supply of used trucks."
Major findings in the free monthly report note:
- Substantial increase in number of sleepers sold at auction--Could this be the predicted return to more normal volumes?
- Pricing stable to mildly downward--Late-model, low-mileage trucks still bringing strong money
- Medium duty market recovers ground--Conventionals stronger this month, cabovers stable
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.