First Quarter Commercial Truck Pricing Strong Across-the-Board, J.D. Power Finds
Power Valuation Services reported that most segments of the medium and heavy duty used truck market continue to benefit from the strong freight environment and tight availability of new trucks.
- Power Valuation Services reported that most segments of the medium and heavy duty used truck market continue to benefit from the strong freight environment and tight availability of new trucks.
- The first quarter of 2021 was a strong one for the industry as a healthy freight market, subdued volume of trade-ins and tougher availability of new trucks, have combined to push Class 8 pricing upward, said Chris Visser, commercial truck senior analyst at J.D.
- Looking ahead, pricing conditions could relax a bit once consumer spending shifts a bit from goods to services.
- Major findings in the free monthly report note:
Retail volume pulled back somewhat, but pricing remains firm
Medium duty stable to upward; cabovers looking particularly strong
Download the free March 2021 Commercial Truck Guidelines Industry Update.