Most segments of the used truck market are performing extremely well, with price appreciation widespread, according to analysts from J.D. Power Valuation Services, as reported in the June 2021 Commercial Truck Guidelines Industry Update. Additionally, after a full year of recovery in the freight markets, late-model sleeper tractors remain in tight supply and pricing continues to impress at auctions.
“We are now more than a full year into the freight market recovery, with no letup in pressure as of this writing in mid-June,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “At this point, auction pricing for late-model sleepers is higher than any time in the six years we’ve been tracking our benchmark group, and retail pricing is at or above any period in the 12 years following the Great Recession. As the summer progresses, keep an eye on the volume and pricing of off-lease fleet units sold at the auctions. Any market shift will be seen there first.”
Major findings in the free monthly report note:
- Trucks in most segments appreciated for another month
- Class 8 auction pricing up 11.9% month-over-month
- Class 8 retail pricing up 7.1% month-over-month
- Medium duty market strong, particularly for conventionals
Download the free June 2021 Commercial Truck Guidelines Industry Update.
