In the June Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported May’s Class 8 market was basically the opposite of April, with pricing down and volume up in the auction channel.
“The second quarter is drawing to a close, and, as predicted, used truck pricing remained strong in the first half of the year,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “This month’s lower pricing should be indicative of what to expect in upcoming months, but in an economy heavily impacted by policy uncertainty, forecasting is more difficult than in more stable times. The freight, financial, and manufacturing sectors are pointing to slowing growth, while the consumer sector remains strong.”
Major findings in the free monthly report note:
- Pricing down, volume up at auctions
- Year-over-year pricing comparison down to 2.5 percent
- Retail channel steady to mildly downward
- Marketplace less tolerant of mileage
- Medium duty market mixed
- Class 6 had a down month
