Subjects: SVY, ECO
Commercial Truck Market Sees Positive Start in 2018
MCLEAN, Va., Feb. 22, 2018 /PRNewswire/ -- According to Commercial truck analysts at J.D. Power Valuation Services in their February 2018 Commercial Truck Guidelines Industry Update, the Class 8 market looked positive in early 2018. December's retail pricing was back up, and January's auction results were similar to December's despite limited activity. Medium-duty trucks had a notably up month.
Major findings in the free monthly report note:
- January was typically slow volume-wise
- Pricing was stable
- Retail pricing back up
- Performance breaks 2 months of weak activity
- Medium duty segment is solid
- Performance figures point upward
Chris Visser, senior commercial truck analyst at J.D. Power Valuation Services, said, "Year-over-year, trucks 4 -6 years old that were sold in January ran 17.1 percent ahead of their counterparts a year ago. We're still collecting data for comparison, so we'll have more to say about this next month."
Download the free February 2018 Commercial Truck Guidelines Industry Update.
About J.D. Power
J.D. Power is a global leader in consumer insights, advisory services and data and analytics. These capabilities enable J.D. Power to help its clients drive customer satisfaction, growth and profitability. Established in 1968, J.D. Power is headquartered in Costa Mesa, Calif., and has offices serving North/South America, Asia Pacific and Europe. J.D. Power is a portfolio company of XIO Group, a global alternative investments firm headquartered in London, and is led by its four founders; Athene Li, Joseph Pacini, Murphy Qiao and Carsten Geyer.
J.D. Power recently acquired NADA Used Car Guide (now J.D. Power Valuation Services), which 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.
Media Inquiries
J.D. Power Valuation Services
202-826-4029
[email protected]
SOURCE J.D. Power
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