McLEAN, Va. — Sales of used Class 8 trucks saw higher volume and pricing in September through both auction and retail channels, according to the October 2020 Commercial Truck Guidelines Industry Update published by J.D. Power Valuation Services (formerly NADA Used Car Guide). Medium-duty trucks had a relatively strong month, analysts noted.
“Consumer spending and inventory buildup remain the main drivers of freight volumes,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “Inventory buildup activity should eventually diminish as corporate targets are met, but consumer spending should remain strong, assuming there are no major economic disruptions.”
Major findings in the free monthly report note:
- September 2020 was a strong month for Class 8 auction volume and pricing;
- The retail channel saw healthy foot traffic; and
- Medium-duty segments are performing well.
J.D. Power Valuation Services is a 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.