Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

Commercial Truck Sales Looking Strong in all Segments for Second Quarter 2021, J.D. Power Finds

04/16/2021 | 04:52pm EDT

March was quite a month for all segments of the used truck industry, according to analysts from J.D. Power Valuation Services, as reported in the April 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.

“We predict late-model trucks will remain a solid bet into the summer and we won’t be surprised if this dynamic is in place well into the second half of the year,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “We’ll stop short of guaranteeing a hot market for all of 2021, but March’s results add optimism to our assumptions.”

Major findings in the free monthly report note:

  • Late-model sleeper tractors extremely strong at auction
  • Retail traffic for Class 8 trucks highest in over 6 years
  • Medium duty segments had a strong month
  • Used trucks continue to benefit from constrained availability of new trucks

Download the free April 2021 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.

About J.D. Power

J.D. Power is a global leader in consumer insights, advisory services and data and analytics. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modeling capabilities to understand consumer behavior, J.D. Power has been delivering incisive industry intelligence on customer interactions with brands and products for more than 50 years. The world's leading businesses across major industries rely on J.D. Power to guide their customer-facing strategies.

J.D. Power is headquartered in Troy, Mich., and has offices in North America, Europe and Asia Pacific. To learn more about the company’s business offerings, visit JDPower.com/business. The J.D. Power auto shopping tool can be found at JDPower.com.

About J.D. Power and Advertising/Promotional Rules www.jdpower.com/business/about-us/press-release-info


© Business Wire 2021
Latest news "Companies"
07:28aJASTRZEBSKA SPÓLKA WEGLOWA S A  : JSW will not buy and will not take over free of charge mines from Tauron and other mining companies
PU
07:28aNATIONAL VISION  : 5.13.21 National Vision Holdings, Inc. Reports First Quarter 2021 Financial Results; Raises Fiscal 2021 Outlook (PDF)
PU
07:28aMERCK  : Phase 3 Keytruda Trial Meets 2nd Key Endpoint in Triple-Negative Breast Cancer
DJ
07:27aBETTER CHOICE CO INC.  : Results of Operations and Financial Condition (form 8-K)
AQ
07:26aEMERALD HOLDING, INC.  : Submission of Matters to a Vote of Security Holders (form 8-K)
AQ
07:26aIBERDROLA SA  : Buy rating from UBS
MD
07:25aLANXESS AG  : Goldman Sachs maintains a Sell rating
MD
07:25aLEONI AG  : Deutsche Bank sticks Neutral
MD
07:25aThryv Launches Free ThryvPay App to Help Service-Based Small Businesses Save Money on Payments
GL
07:25aIHS Markit Explores Divesting Some Assets as It Awaits Combination With S&P Global
DJ
Latest news "Companies"