November Class 8 Market Held Up as Expected

December can be a higher-volume month at the auctions and on retail lots, as buyers look to lock in tax and depreciation incentives before the year ends

In the December 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that the Class 8 auction pricing was similar to last month, while the retail channel saw higher pricing but lower volume. Medium duty cabovers continue to hold value, while conventionals had an off month.

“December can be a higher-volume month at the auctions and on retail lots, as buyers look to lock in tax and depreciation incentives before the year ends,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “A new round of stimulus looks more likely than not at the time of this writing, which would mitigate any new layoffs or cutback in consumer spending. As long as unemployment remains stable to improving, economic conditions should look pretty similar going forward.”

Major findings in the free monthly report note:

• November Class 8 auction volume and pricing were similar to October
• November Class 8 retail pricing was stable to upward with lower volume
• Medium duty cabovers remain strong, while conventionals had a tougher month

Download the free December 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.

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