In the October 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that the Class 8 auction channel saw higher volume and pricing in September. The retail channel also saw higher volume and generally stable pricing. Medium duty trucks had a relatively strong month.
"Consumer spending and inventory buildup remain the main drivers of freight volumes," said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. "Inventory buildup activity should eventually diminish as corporate targets are met, but consumer spending should remain strong, assuming there are no major economic disruptions."
Major findings in the free monthly report note:
Strong month for class 8 auction volume and pricing
Retail channel saw healthy foot traffic
Medium Duty segments performing well
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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