Hot Start To Summer For Used Trucks, J.D. Power Finds

Hot Start To Summer For Used Trucks, J.D. Power Finds

Late-model sleeper tractors remain in tight supply and pricing continues to impress at auctions.

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.

You May Also Like

J.D. Power: BEV Owners Experience More Vehicle Problems

The study found that owners’ experience with BEV advanced technology is more problematic than with ICE vehicles.

Battery-electric vehicle (BEV) owners experience more problems with advanced technology than do owners of internal combustion engine (ICE) vehicles, according to the J.D. Power 2023 U.S. Tech Experience Index (TXI) Study, released on August 24. The study focuses on the user experience with advanced vehicle technology as it first comes to market and is an early measure of problems encountered by vehicle owners.

AAA: The Lifesaving Potential of Driving Assistance Tech

AAA forecasts that 37 million crashes could be prevented over the next 30 years with ADAS.

S&P Global Mobility Report: Aftermarket May See Boom

The share of vehicles more than eight years old will increase, the report says, signaling increased aftermarket business.

57% of All Diesel Trucks on Roads Are Near-Zero Emissions

New near-zero emission diesel trucks on the road increased 10.2% from 2021 to 2022, according to the Diesel Trucking Forum.

Digital Influence on Auto Parts to Reach $200B by 2026

The impact of digital media on retail sales will be $177 billion in 2023 in the US, according to Hedges & Co.

Other Posts

J.D. Power to Acquire Autovista Group

Autovista Group is a pan-European and Australian automotive data, analytics and industry insights provider.

J.D. Power: Canada’s Auto Service Market Shrinks

Canada’s auto service market declined to pre-pandemic levels, J.D. Power reports.

right to repair
Consumers in Canada Sour on EVs, J.D. Power Finds

More than 60% of respondents said they’re unlikely to consider an EV for their next car.

Edmunds: Pent-Up Demand to Prop Up New Car Sales in Q2

Edmunds forecasts that more than 4 million new cars and trucks will be sold in the U.S. in Q2 2023.