- Auction pricing up to 30 percent lower for some models since August.
- Retail pricing has not been impacted to same degree.
- The freight environment suggests no change in conditions through the first quarter of 2016.
When asked about the developments in the commercial truck market, Chris Visser, senior analyst at NADA Official Commercial Truck Guide®, said, "It appears the 'critical mass' of sleeper tractor inventory was reached mid-year."
VIDEO: Chris Visser recaps how the used commercial truck market performed.
Visser went on to say, "Unfortunately, until the economy works its way through the excess inventory of goods, freight demand will remain at current levels. We expect pricing conditions to remain consistent until the second quarter."
DOWNLOAD: Get your free copy of the Commercial Truck Guidelines report.
About NADA Used Car Guide
Since 1933, NADA Used Car Guide® has earned its reputation as the leading provider of vehicle valuation products, services and information to businesses throughout the United States and worldwide. Its editorial team collects and analyzes over 1 million combined automotive and truck wholesale and retail transactions per month. Its guidebooks, auction data, analysis and data solutions offer automotive/truck, finance, insurance and government professionals the timely information and reliable solutions they need to make better business decisions. Visit nada.com/b2b to learn more. NADA Used Car Guide® and its logo are registered trademarks of National Automobile Dealers Association, used under license by J.D. Power and Associates.
Media Inquiries:
Ryan Morris
Sr. Manager, Public Relations
NADA Used Car Guide®, a division of J.D. Power and Associates
Telephone: 1-202-826-4029
Email: [email protected]
Video - https://youtu.be/o2E_hY0RYiA
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SOURCE NADA Used Car Guide
Related Links
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