J.D. Power Valuation Services has released the latest edition of its Commercial Truck Guidelines Industry Update, which found 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.
According to the report, the Class 8 auction and retail channels closed out 2018 with no real surprises. Conditions are pointing to a maturing boom cycle. Medium-duty trucks were mixed to downward trending.
“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.”