Commercial Truck Sales Looking Strong in all Segments for Second Quarter 2021, J.D. Power Finds

April 16, 2021 04:51 PM Eastern Daylight Time

MCLEAN, Va.--(BUSINESS WIRE)--March was quite a month for all segments of the used truck industry, according to analysts from J.D. Power Valuation Services, as reported in the April 2021 Commercial Truck Guidelines Industry Update. Class 8 auction pricing was the standout, particularly for the newest trucks available. Retail pricing stayed firm, while medium duty trucks had a great month, especially in lighter-GVW segments.

“We’ll stop short of guaranteeing a hot market for all of 2021, but March’s results add optimism to our assumptions.”

“We predict late-model trucks will remain a solid bet into the summer and we won’t be surprised if this dynamic is in place well into the second half of the year,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “We’ll stop short of guaranteeing a hot market for all of 2021, but March’s results add optimism to our assumptions.”

Major findings in the free monthly report note:

• Late-model sleeper tractors extremely strong at auction
• Retail traffic for Class 8 trucks highest in over 6 years
• Medium duty segments had a strong month
• Used trucks continue to benefit from constrained availability of new trucks