All Commercial Truck Segments Strong as Fourth Quarter Begins

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J.D. Power Finds shipping backlogs and parts shortages are as bad as they’ve ever been and the conditions will be critical as we head into the holidays

With auction pricing jumping notably and retail pricing continuing its record-breaking trajectory, the sky’s the limit for the Class 8 market, according to analysts from J.D. Power Valuation Services, as reported in the October 2021 Commercial Truck Guidelines Industry Update. The medium duty market was generally strong, yet again.

“Shipping backlogs and parts shortages are as bad as they’ve ever been and the conditions will be critical as we head into the holidays,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “For the used truck market, we expect conditions to remain hot into next year, barring any unforeseen economic changes.”

Major findings in the free monthly report note:

• Class 8 auction and retail pricing continue to break records
• Auction pricing 85.1% higher year-over-year
• Retail pricing 30/6% ahead year-over-year
• Medium duty segments generally strong

Download the free September 2021 Commercial Truck Guidelines Industry Update

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.

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