Latest News
Sales Up for Desirable Trucks, J.D. Power Finds
In the March 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that demand for used trucks with desirable specs and mileage is still strong, while units with less desirable specs and mileage continue to lose value. Heavier-GVW medium duty trucks had a very strong month.
“The lead time for new trucks is still healthy, although cancellations continue to rise as it typically does at the end of a boom cycle,” said Chris Visser, Commercial Truck Senior Analyst at J.D. Power Valuation Services. “Economic factors that determine freight volumes, such as consumer spending, manufacturing activity and imports and exports will determine how much used truck pricing will be impacted by the increased volume of trades.”
Major findings in the free monthly report note:
-
Auction Market Stable on Higher Volume
- More sales are encouraging in a typically slow month
-
Retail Market Mostly Unchanged
- Incrementally more buyers on dealer lots
-
Medium Duty Market Mixed
- Heavier-GVW trucks brought strong money
Download the free March 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.
SOURCE J.D. Power
Blockchain
Patrick Martin, GP, Alpha Transform Holdings, Presenting at Global Blockchain Congress in Dubai
Blockchain
PairedWorld Earns Blockchain Award Nomination, Secures $1.5 Million in Private Token Sales, and Welcomes BlackRock Venture Partner to Advisory Board
Blockchain
Supply Chain Finance Market Forecast to Reach $9.4 Billion by 2029: Increasing Emphasis on Sustainable Sourcing
Global Supply Chain Finance Market
-
Blockchain7 days ago
Blockchain Transforming Travel: Quantum Temple’s Innovative Venture
-
Blockchain4 days ago
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
-
Blockchain7 days ago
Bybit and World Leaders Forge Major Alliance to Direct Web3 for Social Good
-
Blockchain5 days ago
Quantum eMotion Files a Patent for Quantum-based Blockchain Wallet Under the Patent Cooperation Treaty (PCT)
-
Blockchain Press Releases5 days ago
Canaan Shines at Blockchain Life 2024 in Dubai
-
Blockchain Press Releases5 days ago
Bybit Institutional Report 2024: Institutions Become Bullish and Eye Challenger Chains, while VC Funding Resurges for Infrastructure, Gaming, and AI
-
Blockchain5 days ago
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
-
Blockchain Press Releases6 days ago
Bybit and Franck Muller Partner with Sidus Heroes to Launch Cosmic Gears: A Pioneering Web3 Game with a $250,000 Prize Pool and Exclusive Watch Collection