J.D. Power Reports Strong Commercial Truck Market

By Staff Writer March 22, 2021

In the March 2021 Commercial Truck Guidelines Industry Update, analysts from J.D. Power reported that most segments of the medium and heavy-duty used truck market continue to benefit from the strong freight environment and tight availability of new trucks.

“The first quarter of 2021 was a strong one for the industry as a healthy freight market, subdued volume of trade-ins and tougher availability of new trucks, have combined to push Class 8 pricing upward,” analysts said.

“The first quarter of 2021 was a strong one for the industry as a healthy freight market, subdued volume of trade-ins and tougher availability of new trucks, have combined to push Class 8 pricing upward,” said Chris Visser, commercial truck analyst at J.D. Power Valuation Services. “Looking ahead, pricing conditions could relax a bit once consumer spending shifts a bit from goods to services. It will be interesting to see how long the new truck parts shortage lasts, but in the meantime, everyone should be making hay while the sun shines.”

Major findings in the free monthly report note that auction pricing is trending closer to retail as end users compete for trucks. It also shows retail volume pulled back somewhat, but pricing remains firm. Medium duty trucks are stable to upward with cabovers looking particularly strong.

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Last modified on Monday, 22 March 2021 12:47