No Letup in Commercial Truck Prices

MCLEAN, Va.--(BUSINESS WIRE)--After October’s strong month for pricing in all commercial truck segments, incoming November data suggests pricing will still increase, according to analysts from J.D. Power Valuation Services, as reported in the November 2021 Commercial Truck Guidelines Industry Update.

“This factor, combined with superheated consumer spending are keeping used truck pricing in the stratosphere.”

“Similar to last month, shipping backlogs and parts shortages continue to be as critical as ever, instead of improving as we had predicted earlier this year,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “This factor, combined with superheated consumer spending are keeping used truck pricing in the stratosphere.”

Major findings in the free monthly report note:

• All segments of the used truck market saw higher pricing in October
• Year-over-year, Class 8 sleeper pricing is almost 90% higher at auction, 34% retail
• Medium duty conventionals particularly strong this month
• Record-breaking used truck pricing essentially guaranteed into 2022

Download the free November 2021 Commercial Truck Guidelines Industry Update