New Truck Boom Cycle Comes to a Close, J.D. Power Finds
Medium Duty Trucks Mixed to Downward
MCLEAN, Va., Feb. 27, 2019 /PRNewswire/ -- In the February 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that 2019 opened as expected in the auction and retail channels with no changes in pricing. With the new truck boom cycle behind us, it means truckers are satisfied with the units they have in the production pipeline.
"Compared to most of 2018, Class 8 orders were extremely low for the third month in a row," said Chris Visser, Commercial Truck Senior Analyst at J.D. Power Valuation Services. "Manufacturing rebounded in January, so we are not yet overly concerned about the health of the economy, but indicators are becoming more mixed and it would be wise to start shifting to a more conservative long-term outlook for inventory management and pricing forecasts."
Major findings in the free monthly report note:
- Pricing Stable at Auctions
- Seasonal lull in activity means low volume of data
- Retail Pricing Remains Strong
- Fewer buyers at dealerships
- Medium Duty Segments Mixed
- Lighter GVW units faring better than heavier trucks
Download the free February 2019 Commercial Truck Guidelines Industry Update.
J.D. Power Valuation Services (formerly NADA Used Car Guide) 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.
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 has offices serving North America, South America, Asia Pacific and Europe.
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SOURCE J.D. Power
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