Used Truck Industry Rocks and Rolls for another Month, J.D. Power Finds

The used truck market shifts more rapidly and drastically than the general macroeconomy, and in the third quarter we’ll start to watch for an uptick in off-lease units

Class 8 auction pricing remains sky-high with retail pricing increasing and medium duty had another great month, according to analysts from J.D. Power Valuation Services, as reported in the May 2021 Commercial Truck Guidelines Industry Update. Class 8 auction pricing was the standout, particularly for the newest trucks available. Retail pricing stayed firm, while medium duty trucks had a great month, especially in lighter-GVW segments.

“The used truck market shifts more rapidly and drastically than the general macroeconomy, and in the third quarter we’ll start to watch for an uptick in off-lease units.”

“This seller’s market will stick around for another couple of months,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “The used truck market shifts more rapidly and drastically than the general macroeconomy, and in the third quarter we’ll start to watch for an uptick in off-lease units.”

Major findings in the free monthly report note:

• Pricing was higher in all segments of the medium and heavy duty truck market
• Class 8 auction pricing is in the stratosphere, 76.6% higher year-over-year
• Class 8 retail pricing is at or near historical highs
• Medium duty segments are showing very strong year-over-year comparisons

Download the free May 2021 Commercial Truck Guidelines Industry Update

Category: Driver Stuff, Equipment, Featured, Fleet Maintenance, For Sale, General Update, News, Products, Vehicles