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Commercial Truck Industry Starts 2021 Strong

| February 22, 2021

Most buyers and sellers say the sleeper market currently feels strong, but the market is actually only at about the average of the post-Great Recession trend

In the February 2021 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that 2021 pricing started out healthy, as expected, with Class 8 auction results particularly strong and medium duty solid as well.

“Most buyers and sellers say the sleeper market currently feels strong, but interestingly, the market is actually only at about the average of the post-Great Recession trend,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “We live and die by the market we are currently in, and conditions should remain favorable into the second quarter.”

Major findings in the free monthly report note:

  • The few auctions in January saw high pricing
  • Retail channel started the year strong in pricing and volume
  • Class 4 cabovers saw healthy pricing, conventionals were firm to upward

Download the free February 2021 Commercial Truck Guidelines Industry Update.

Category: Featured, For Sale, General Update, News, Products, Vehicles

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