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While the first eight months of 2020 showed used truck pricing 17% than the previous year, the recent bump from July to August saw a 7.8% increase over 2019, according to a recent report from J.D. Power.
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J.D. Powers analysts found prices for used trucks remain high as volume levels dropped, while retail prices continue to hold steady as well.
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Initial weak sales figures in May prompted a weak forecast – but increased sales later delivered a strong showing as the month ended.
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Generally, medium-duty segments are holding up well, with cabovers and lighter GVW conventional trucks performing the best.
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Sleeper tractors lost about 30% of value at auction last year, say analysts at J.D. Power Valuation Services.
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Daycab and construction trucks behave differently than highway tractors in the used commercial truck market, say analysts at NADA Used Car Guide, a division of J.D. Power and Associates.
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