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.
Four organizations – AAA, Consumer Reports, J.D. Power, and the National Safety Council – have come together to adopt standardized naming for advanced driver assistance technology in an effort to reduce confusion.
A new J.D. Power survey finds car buyer demand for semi-autonomous safety technology is threatened by overbearing alerts that are causing many to disable their systems, increasing the risk of a collision.
Used truck prices are holding steady, with supply still dictating pricing. That’s the word from J.D. Power’s Commercial Truck Guidelines for March, which notes that February is the first month in any new year with a high enough volume of used truck auctions to allow analysts to identify market trends.
J.D. Powers analysts found prices for used trucks remain high as volume levels dropped, while retail prices continue to hold steady as well.
Initial weak sales figures in May prompted a weak forecast – but increased sales later delivered a strong showing as the month ended.
Generally, medium-duty segments are holding up well, with cabovers and lighter GVW conventional trucks performing the best.
Sleeper tractors lost about 30% of value at auction last year, say analysts at J.D. Power Valuation Services.
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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