In the January 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that although Class 8 auction and retail channels closed out 2018 with no real surprises, current market conditions are pointing to a maturing boom cycle.

“Two months of notably lower new truck orders is pretty close to a trend,” said Chris Visser, Commercial Truck Senior Analyst at J.D. Power Valuation Services. “Expect conditions in the first half to look similar to recent months, with an increasing supply of used trucks causing mildly higher depreciation.”

Major findings in the free monthly report note:

  • Class 8 auction market little changed
    • Market has less tolerance for higher mileage
  • Class 8 retail conditions stable
    • Sales volume down notably in November and December
  • Duty market generally weak in December
    • Cabovers and heavier conventionals down notably

Download the free January 2019 Commercial Truck Guidelines Industry Update.

 

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