Used Commercial Truck Market Stays the Course

In its most recent monthly used commercial truck report, analysts from J.D. Power Valuation Services found the used commercial truck market operated as expected during the month of February.

According to Chris Visser, commercial truck executive analyst at J.D. Power’s Valuation Services, “February data showed a used truck market operating as expected. Supply continues to dictate pricing, but demand should be mildly improving. Medium duty trucks continue to recover.”

Major findings in the free monthly report note:

• Volume was up at February auctions
  • Newer trucks showed up in greater numbers
• The retail channel appears to have held up despite higher volume
  • Supply is expected to increase in early spring
• Medium duty trucks are close to rebound status
  • The used market is positive compared to the same period of 2017

The report notes that year-over-year, trucks 4 – 6 years old sold in the first two months of 2018 brought 21.7 percent more money than the same period in 2017. Analysis from the report also points out that while the year-over-year gains are encouraging, returning supply of late-model trucks throughout the year should keep depreciation near a 2 percent estimate.