728 banner ad
220 banner ad

Class 8 Market Woke Up in February

| March 19, 2020

We will have a better picture of the economic fallout after a few more weeks and the infection rate is better known

In the March 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that Class 8 auction volume and pricing were better than expected in February and retail depreciation was milder than recent months.

“Looking forward, Covid-19 has thrown the industry through a loop,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “We will have a better picture of the economic fallout after a few more weeks and the infection rate is better known, but the third quarter is projecting to be pretty weak and will most likely not return to normal levels until the fourth quarter.”

Major findings in the  report note:

  • Class 8 auction volume was the highest in more than two years
    • Monthly depreciation down to a low 1.6%
  • Class 8 retail pricing was stronger than expected
    • Temporary bump in shipments of stock-up items is probable
  • Medium duty market mixed
    • Cabovers remain similar to late 2019

Download the free March 2020 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.

Category: Equipment, Featured, General Update, News, Vehicles

Comments are closed.