Press Releases

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2021

March

MCLEAN, Va.--(BUSINESS WIRE)--In the March 2021 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that most segments of the medium and heavy duty used truck market continue to benefit from the strong freight environment and tight availability of new trucks.

“The first quarter of 2021 was a strong one for the industry as a healthy freight market, subdued volume of trade-ins and tougher availability of new trucks, have combined to push Class 8 pricing upward,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “Looking ahead, pricing conditions could relax a bit once consumer spending shifts a bit from goods to services. It will be interesting to see how long the new truck parts shortage lasts, but in the meantime, everyone should be making hay while the sun shines.”

February

MCLEAN, Va.--(BUSINESS WIRE)--In the February 2021 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that 2021 pricing started out healthy, as expected, with Class 8 auction results particularly strong and medium duty solid as well.

“Most buyers and sellers say the sleeper market currently feels strong, but interestingly, the market is actually only at about the average of the post-Great Recession trend,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “We live and die by the market we are currently in, and conditions should remain favorable into the second quarter.”

January

MCLEAN, Va.--21-January 2021 (BUSINESS WIRE)--In the January 2021 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that all channels of the Class 8 market closed out 2020 on a high note. Medium duty truck pricing fluctuated throughout 2020, but ended the year showing mild depreciation.

“In December, pricing in all channels was encouraging,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “Conditions in the first half of 2021 should feel similar to late 2020, as long as there are no major events impacting the economy.”

2020

November

MCLEAN, Va.--17-November 2020 (BUSINESS WIRE)--In the November 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that the Class 8 pricing was generally stable in October while volume pulled back. Medium duty trucks were mixed. The auction channel saw fewer auctions in the calendar, which means volume looked more like August than September and pricing appeared stable following September’s healthy increase. The volume of lower-spec trucks selling in the retail channel continues to creep up, affecting our averages. Despite this, monthly depreciation remains in the historically-typical range.

“As long as the Federal Reserve keeps rates near zero and development of a COVID-19 vaccine continues to progress, Wall Street sees business as usual,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “Two items of concern are the spikes in COVID-19 cases and the cessation of the CARES Act, Paycheck Protection Plan and other stimulus. The net result of these factors could be the negative to the employment picture. We must keep a close eye on that metric.”

October

MCLEAN, Va.---19-October 2020 (BUSINESS WIRE)--In the October 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that 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.”

September

MCLEAN, Va.---17-September 2020 (BUSINESS WIRE)--In the September 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that Class 8 and Medium Duty pricing were higher across the board in August. September should continue this recent trend.

“The trucking industry has been amazingly resistant to the massive social, political and economic upheaval our country is enduring,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “In the short term, we will see additional disruption when the CARES Act is rolled back and/or eliminated and also when the most contentious Presidential election in at least a generation unfolds.”

August

MCLEAN, Va.---20-August 2020 (BUSINESS WIRE)--In the August 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that Class 8 conditions across the board were generally stabilized in July, suggesting June’s recovery was not solely based on pent-up demand.

“Pricing is solidifying, customers are buying more used trucks and new truck orders and deliveries are heading back in the right direction,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “When a massive black swan event blows up everyone’s forecasting models, the human gut becomes the main driver of decisions. Fleets waited to see what would happen to freight volumes once the stockpiling effect shook out, and they seem to be OK with what they are seeing.”

July

MCLEAN, Va.---23-July 2020 (BUSINESS WIRE)--In the July 2020 Used Car and Light Truck Guidelines Plus Industry Update, analysts from J.D. Power Valuation Services reported that wholesale used vehicle activity continued to improve over the course of June as the market fully recovered in terms of both sales and prices. On an index basis, J.D. Power’s Used Vehicle Price Index increased by 11.3% in June vs. May and prices ended the period 3.4% below June 2019’s level.

MCLEAN, Va.--16-July 2020 (BUSINESS WIRE)--In the July 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that Class 8 retail volume was way up in June and depreciation accelerated moderately as a result. Medium duty sales volume was also up across the board.

June

Costa Mesa, Ca.-- June 2020 (J.D. Power) Recovery continues as June retail sales decline 6% from pre-virus forecast; transaction prices set monthly record. New-vehicle retail sales in June are expected to be down from a year ago, according to a joint forecast developed jointly by J.D. Power and LMC Automotive.

Costa Mesa, Ca.-- June 2020 (J.D. Power) The J.D. Power 2020 Initial Quality Study (IQS),SM released today, takes an updated look at the problems owners are having with their new vehicles, including those related to new technologies. The iconic study, redesigned this year, measures components that fail and features that are difficult to use, hard to understand or don’t work the way owners want.

MCLEAN, Va.--18 June 2020 (BUSINESS WIRE)--In the June 2020 Used Car and Light Truck Guidelines Plus Industry Update, analysts from J.D. Power Valuation Services reported that wholesale used vehicle activity steadily improved over the course of May as the market moved towards recovery of both sales volumes and prices. On an index basis, J.D. Power’s Used Vehicle Price Index increased by 8.3% in May vs. April and prices ended the period 6.8% below May 2019’s level.

MCLEAN, Va.--18-June 2020 (BUSINESS WIRE)--In the June 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that Class 8 retail sales per rooftop saw a relatively healthy increase. Pricing dipped moderately, but depreciation is within a historically typical range. Class 8 auction volume was down month-over-month, making analysis difficult. Medium Duty trucks had a generally positive month.

May

MCLEAN, Va.--20 May 2020 (BUSINESS WIRE)--In the May 2020 Used Car and Light Truck Guidelines Plus Industry Update, analysts from J.D. Power Valuation Services reported that wholesale used vehicle activity continues to be severely disrupted by stay-at-home orders, however, as these orders are lifted, the wholesale market shows signs of improving. On an index basis, J.D. Power’s Used Vehicle Price Index declined by 13.7% in April vs. March and prices ended the period 13.5% below April 2019’s level.

MCLEAN, Va.--19-May 2020 (BUSINESS WIRE)--In the May 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that in the first full month of sales under the economic shutdown, Class 8 auction volume was relatively healthy, while pricing pulled back. The retail channel saw lower volume but more stable pricing. Medium Duty trucks had a generally lackluster month.

April 

MCLEAN, Va.--16 April 2020 (BUSINESS WIRE)--In the April 2020 Used Car and Light Truck Guidelines Industry Update, which is available for free for the month of April and at an annual discounted rate of $99 through May 1, 2020, analysts from J.D. Power Valuation Services reported wholesale volumes ground to a virtual halt in March and are down 12.3% through March year-to-date. “Our current outlook calls for used prices to fall by 7% through June 2020 before we see any recovering,” said David Paris, executive analyst at J.D. Power Valuation Services. “The outlook is based on macro-economic expectations, specifically that the country will experience significant job losses through the second quarter. Currently, our forecast has prices falling by 1.7% on a full-year basis versus 2019.”

MCLEAN, Va.--16-April 2020 (BUSINESS WIRE)--In the March 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that Class 8 pricing pulled back in the second half of March, but volume was solid. Medium duty trucks were lower across the board in volume and pricing. “During the month of March, America became hyper-aware of the trucking industry’s vital role,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “Volume and pricing at auctions were fairly strong and at this moment, freight measures have contracted back to pre-surge levels and then some. This should apply additional downward pressure to used truck demand.”

March

MCLEAN, Va.--18-March 2020 (BUSINESS WIRE)--In the March 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that Class 8 auction volume and pricing were better than expected in February and retail depreciation was milder than recent months.

“Looking forward, Covid-19 has thrown the industry through a loop,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “We will have a better picture of the economic fallout after a few more weeks and the infection rate is better known, but the third quarter is projecting to be pretty weak and will most likely not return to normal levels until the fourth quarter.”

February

MCLEAN, Va.--21 Feb. 2020 (BUSINESS WIRE)--In the February 2020 Used Car and Light Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported used prices were relatively steady from week to week in January. “Overall, the used market remains healthy,” said David Paris, executive analyst at J.D. Power Valuation Services. “After increasing by 1% in 2019, used prices are expected to grow again in 2020. Ultimately, continuing general affordability concerns and dealer competition will help keep used demand high and used prices strong.”

MCLEAN, Va.--20 Feb. 2020 (BUSINESS WIRE)--In the February 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that few auctions in January meant very little sales volume. Retail volume was similar to December, but pricing was down. The medium duty market was mixed, with conventionals stable and cabovers somewhat weak.

January
MCLEAN, Va.--27 Jan. 2020 (BUSINESS WIRE)--In the January 2020 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note the used vehicle market closed with an uptick in 2019. David Paris from J.D. Power Valuation Services explains, “The used market closed out 2019 on a strong note, with an increase of 1.2%, which was the first material increase in four months,” said David Paris, Executive Analyst at J.D. Power Valuation Services. “As a result, used prices ended the year 1% greater than in 2018. Looking forward, strong mainstream segment prices are expected to boost the used market through 2020.

MCLEAN, Va.-- 21 Jan. 2020 (BUSINESS WIRE)--In the January 2020 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that Class 8 auction volume increased dramatically in December, and pricing dropped more than expected. Trucks sold retail also lost value, as the market continues to lose tolerance for trucks with anything other than low mileage. The medium-duty market was mixed, with cabovers stable, Class 4 conventionals mildly weak and Class 6 conventionals recovering.

2019

December
MCLEAN, Va.--18 Dec. 2019 (BUSINESS WIRE)--In the December 2019 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note that the used vehicle market is still in a state of decline. David Paris at J.D. Power Valuation Services explains, “Typical for the time of year, used vehicle prices softened in November,” said David Paris, Executive Analyst at J.D. Power Valuation Services. “The period marked the fourth consecutive month of declines; however, used prices remain strong from a historical perspective and were 1.1% greater than the same 11-month period in 2018.”

MCLEAN, Va.-- 19 Dec. 2019 (BUSINESS WIRE)--In the December 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that auction conditions are similar to last month. Depreciation relaxed and pricing movement in the retail channel is only noticeable in trucks about to turn three years old. The medium-duty truck market experienced a mixed month, with cabovers and Class 6 conventionals turning in an unimpressive performance.

November
MCLEAN, Va.--25 Nov. 2019 (BUSINESS WIRE)--In the November 2019 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note the used vehicle market declined in October 2019. Highlights from the free monthly report point out that wholesale prices decline in October. Prices down by an average of 4.2%. Used vehicle price index declines. Index reaches 119.1. Used wholesale volume grows. Volume up 5.2% CYTD. 

MCLEAN, Va.-- 25 Nov. 2019 (BUSINESS WIRE)--In the November 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that despite the steady rate of depreciation in the auction channel, trucks continued to lose value in the retail channel. The medium-duty truck market experienced sales of older, higher-mileage trucks, which has impacted average pricing.

October
McLEAN, Va.: 30 Oct. 2019 — In the October 2019 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note the used vehicle market slightly declined in September 2019. Through July, wholesale vehicle prices are on average 2.9% lower than during the same 9-month period in 2018. As a result, the J.D. Power Valuation Services’ Seasonally Adjusted Used Vehicle Price Index declined by 1.8% – relative to August – to 121.8. 

McLEAN, Va.: 30 Oct. 2019 —  In the October 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that the used sleeper tractor market is oversaturated, leading buyers to desire lowest-mileage equipment. The medium duty truck market remained somewhat unpredictable, with cabovers and Class 4 trucks performing well, and Class 6 conventionals pulling back this month.

September
McLEAN, Va., September 20, 2019 /PRNewswire/ -- In the September 2019 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note the used vehicle market continues to perform well. Through August, used vehicle prices are on average 2% greater than during the same 8-month period in 2018. In terms of August, the used vehicle market's performance was also better than historic figures for the period. As a result, the J.D. Power Valuation Services' Seasonally Adjusted Used Vehicle Price Index increased by 0.7% – relative to July – to 123.6.

McLEAN, Va., September 20, 2019 /PRNewswire/ -- In the September 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported a substantial supply of incoming trades continues to impact pricing in the Class 8 auction and retail channels, with moderately healthy demand overshadowed by the number of trucks available. Medium duty trucks had a mixed month, with cabovers and Class 4 trucks down moderately, and Class 6 conventionals up for a second month.

August
McLEAN, Va., August 19, 2019 /PRNewswire/ --   In the August 2019 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note the used vehicle market continues to perform strong into the summer months of 2019. Through July, used vehicle prices are on average 2.1% greater than during the same 7-month period in 2019. As a result, the J.D. Power Valuation Services' Seasonally Adjusted Used Vehicle Price Index increased by 0.6% – relative to June – to 122.7.

McLEAN, Va., August 19, 2019 /PRNewswire/ -- In the August 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that as auction volume pulled back in July and pricing was mixed, there was a resurgence of interest in newer trucks, perhaps as a result of lower values. For the most part, dollars continue to flow only to the newest, lowest-mileage trucks.

July
McLEAN, Va., July 18, 2019 /PRNewswire/ --  In the July 2019 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note the used vehicle market performed strong over the first half of 2019. Specific to June, the market cooled, however, the month's performance was better than historic June figures. As a result, the J.D. Power Valuation Services' Seasonally Adjusted Used Vehicle Price Index increased by 1.3 points – relative to May – to 122.0.

McLEAN, Va., July 23, 2019 /PRNewswire/ --  In the July 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that after more than two years of expansion, it appears the nation may have finally reached and then exceeded the total number of trucks needed to move freight. As is typical in this type of environment, only the lowest-mileage trucks are currently bringing strong money.

June
MCLEAN, Va., June 14, 2019 /PRNewswire/ -- In the June 2019 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note after abnormally strong March and April performances, the used vehicle market cooled slightly in May, although the month's performance was better than historic May figures. As a result, the J.D. Power Valuation Services' Seasonally Adjusted Used Vehicle Price Index increased by 1.2 points – relative to April – to 121.0.

MCLEAN, Va., June 20, 2019 /PRNewswire/ -- In the June 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported May's Class 8 market was basically the opposite of April, with pricing down and volume up in the auction channel.

May
McLEAN, Va., May 21, 2019 /PRNewswire/ -- In the May 2019 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note April's result was significantly stronger than how the period typically performs and marked the second consecutive month of used price increases. As a result, the J.D. Power Valuation Services' Seasonally Adjusted Used Vehicle Price Index increased by 2.5 points – relative to March – to 119.9

McLEAN, Va., May 21, 2019 /PRNewswire/ -- In the May 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported the unexpected happened, as the volume of trucks sold was down and pricing was up by an equally notable amount, in April compared to the expected higher volume of trucks being sold at lower pricing. The retail channel also had a surprisingly good month.

April
McLEAN, Va., April 19, 2019 /PRNewswire/ -- In the April 2019 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note that after six consecutive months of declines, the used vehicle market bounced back in March. As a result, the J.D. Power Valuation Services' Seasonally Adjusted Used Vehicle Price Index increased by 1.1 points – relative to February – to 117.5.  March's positive result comes after weaker than usual January and February 2019 performances.

McLEAN, Va., April 19, 2019 /PRNewswire/ -- In the April 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported now that the winter lull in auction activity is behind us, March data provided the first real look at how the market is holding up in 2019. The retail channel is starting to look more historically typical, while medium duty trucks had an unimpressive month.

March
MCLEAN, Va., March 22, 2019 /PRNewswire/ --  In the March 2019 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note the used vehicle market continued its sluggish start to the new year, as a result the J.D. Power Valuation Services' Seasonally Adjusted Used Vehicle Price Index declined 1.3 points – relative to January – to 116.1. February's decline marked the sixth consecutive month of declines in the used market and is a trend we should expect to see more of throughout the course of 2019 as used vehicle prices are expected to decline relative to 2018.

MCLEAN, Va., March 22, 2019 /PRNewswire/ --  In the March 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that demand for used trucks with desirable specs and mileage is still strong, while units with less desirable specs and mileage continue to lose value. Heavier-GVW medium duty trucks had a very strong month.

February
McLEAN, Va.: 27 Feb. 2019 —  In the February 2019 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note that the used vehicle market slowed once again in January, marking the fifth consecutive month of decline. As a result, the Seasonally Adjusted Used Vehicle Price Index declined by 2.7 points, relative to December, to 117.2.  Despite the index’s sharp decline, it currently sits 2.3% above January 2018’s level.

McLEAN, Va.: 27 Feb. 2019 —  In the February 2019 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that 2019 opened as expected in the auction and retail channels with no changes in pricing. With the new truck boom cycle behind us, it means truckers are satisfied with the units they have in the production pipeline.

COSTA MESA, Calif.: 26 Feb. 2019 — Buying the right used vehicle inventory at the right price that optimizes profit and turn rate is a constant challenge for automotive dealers. J.D. Power, with a partnership with CarStory, has developed a solution that provides insight on used vehicle market prices and inventory decisions in our new MarketValues application.

2018

December
MCLEAN, Va., Dec. 21, 2018 /PRNewswire/ -- In the December 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note that the used vehicle market slowed down once again in November, marking the third consecutive month of declines. As a result, the Seasonally Adjusted Used Vehicle Price Index declined by 0.8 point, relative to October, to 119.7.

MCLEAN, Va., Dec. 21, 2018 /PRNewswire/ -- In the December 2018 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that the volume of trucks sold at auction returned to a more typical level in November with pricing less stable, however, the retail market continues to see mild depreciation.

November
MCLEAN, Va., Nov. 21, 2018 /PRNewswire/ -- In the November 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note that after decelerating in September, the used vehicle market slowed for the second consecutive month in October. As a result, the Seasonally Adjusted Used Vehicle Price Index decreased by 1 point, relative to September, to 120.6.

MCLEAN, Va., Nov. 21, 2018 /PRNewswire/ -- In the November 2018 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services reported that auctions, once again, had a low-volume month, defying predictions of an increased number of trades hitting the market. The retail channel had another strong month and medium duty trucks bounced back after a September slow-down.

September
MCLEAN, Va., Sept. 24, 2018 /PRNewswire/ -- In the September 2018 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services found the August market looked very similar to July as used truck supply remains tight with strong pricing and medium duty trucks were mixed with conventionals stable but cabovers losing ground.

MCLEAN, Va., Sept. 24, 2018 /PRNewswire/ -- In the September 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note the used vehicle market continued with the trend from June making the Seasonally Adjusted Used Vehicle Price Index increased by 2.2 points – relative to July – to 121.9.  Additionally, the index ended the month 6.3 points above August 2017's level.

August
MCLEAN, Va., Aug. 22, 2018 /PRNewswire/ -- In the August 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note the used vehicle market continued with the trend from June making the Seasonally Adjusted Used Vehicle Price increase by 1.1 point to reach 119.3. July's robust performance grew the index 4.7 points above the same period in 2017 and 4.8 points or 2.6% above January 2018's level.

McLEAN, Va., Aug. 22, 2018 /PRNewswire/ -- In the August 2018 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services found the volume of the three most popular sleeper tractors sold through the two largest nationwide auction companies dropped to its lowest level since January.

July
MCLEAN, Va., July 24, 2018 /PRNewswire/ -- In the July 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note the used vehicle market turned a positive corner with an increase in the Seasonally Adjusted Used Vehicle Price by 1.2 points—compared with May—to reach 118.2. June's above-average performance brought the index 4.1 points above June 2017.

MCLEAN, Va., July 24, 2018 /PRNewswire/ -- In the July 2018 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services predict that in coming months, fleets will take delivery of additional new trucks, and trade activity will increase, forcing market dynamics to look more normal.

June
Strong Demand Keeps Used Truck Pricing Stable, J.D. Power Finds McLEAN, Va., June 21, 2018 /PRNewswire/ -- In the June 2018 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services found the predicted supply increase of Class 8 trucks is lower than forecasted, which resulted in more stable prices.

Used Vehicle Price Index Remains Stable this Spring, J.D. Power Finds McLEAN, Va., June 21, 2018 /PRNewswire/ -- In the June 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note the used vehicle market turned a typical performance in May. As a result, the J.D. Power Valuation Services' Seasonally Adjusted Used Vehicle Price Index remained flat, compared to April at 117.0. May's index increased 3.1 points year over year, and 2.5 points above where it sat in January.

May
Spring Rebound Helps Stronger Used Vehicle Pricing, J.D. Power Finds MCLEAN, Va., May 21, 2018 /PRNewswire/ -- In their May 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note the used vehicle market performed well in April with prices stronger than expected. Compared to March, wholesale prices of used vehicles up to eight years in age increased by 0.2% for the month.

Class 8 Used Commercial Truck Prices Stronger Than Expected, Finds J.D. Power MCLEAN, Va., May 21, 2018 /PRNewswire/ -- In their most recent May 2018 Commercial Truck Guidelines Industry Update, analysts from J.D. Power Valuation Services found the volume of Class 8 trades was lower than forecasted, which resulted in more stable prices.

April
March Used Vehicle Wholesale Performed Exceptionally Well, J.D. Power Finds MCLEAN, Va., April 26, 2018 /PRNewswire/ -- In their April 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services found that wholesale prices of used vehicles up to eight years in age increased by an average of 2.5%. The month's performance can partially be attributed to strong price growth of vehicles within the compact and subcompact segments.

Monthly Class 8 Truck Auction Results Better than Expected, Finds J.D. Power MCLEAN, Va., April 11, 2018 /PRNewswire/ -- According to commercial truck analysts at J.D. Power Valuation Services in their April 2018 Commercial Truck Guidelines Industry Update, the Class 8 market looked better than expected in March. Pricing for the month was more stable than predicted, with somewhat fewer trucks sold.

March
Used Vehicle Wholesale Prices Drop 0.2 Percent, J.D. Power Finds MCLEAN, Va., March 19, 2018 /PRNewswire/ -- In their March 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note wholesale depreciation declined by an average of 0.2 percent in February. The month's performance was better than February 2017's 0.9% decline.

Used Commercial Truck Market Stays the Course, Finds J.D. Power MCLEAN, Va., March 12, 2018 /PRNewswire/ -- In their most recent monthly used commercial truck report, analysts from J.D. Power Valuation Services found the used commercial truck market operated as expected during the month of February.

February
Commercial Truck Market Sees Positive Start in 2018 MCLEAN, Va., Feb. 22, 2018 /PRNewswire/ -- According to Commercial truck analysts at J.D. Power Valuation Services in their February 2018 Commercial Truck Guidelines Industry Update, the Class 8 market looked positive in early 2018. December's retail pricing was back up, and January's auction results were like December's despite limited activity. Medium-duty trucks had a notably up month.

Used Vehicle Wholesale Prices Drop 0.6 Percent MCLEAN, Va., Feb. 21, 2018 /PRNewswire/ -- In their February 2018 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note wholesale depreciation declined by an average of 0.6% in January. The slight dip was driven by the premium vehicle segment, which is typical for the time of year.

2017

December
LAUNCHER.SOLUTIONS Integrates with J.D. Power to Provide NADA Values to Subprime Auto Lenders JACKSONVILLE, Fla., Dec. 19, 2017 /PRNewswire/ -- LAUNCHER.SOLUTIONS (Launcher), a technology provider specializing in subprime automotive loan originations, announced the integration of NADA Values from J.D. Power Valuation Services to provide lenders with vehicle values.

Launcher's appTRAKER Loan Origination System was designed by experts in the automotive lending industry and is specifically geared towards sub/near-prime lenders. The seamless integration between appTRAKER LOS and J.D. Power's NADA Values allows lenders to assess risk on collateral during the underwriting process by providing important vehicle valuation data within appTRAKER. Read More…

November
November Used Commercial Truck Auction Volume Takes Big Drop MCLEAN, Va., Nov. 16, 2017 /PRNewswire/ -- Commercial truck analysts at J.D. Power Valuation Services note in their November 2017 Commercial Truck Guidelines Industry Update that October's commercial truck wholesale auction market experienced a significant drop in volume, but that prices were nearly identical to September on average.

Used Vehicle Prices Dropped in October as New Vehicle Deliveries Declined MCLEAN, Va., Nov. 16, 2017 /PRNewswire/ -- In their November 2017 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note wholesale depreciation declined by an average of 2.2% in October. The dip performed better than the 3.2% average price decrease recorded over the past five years for the period.

October
Chevrolet and Lexus Win 2017 Washington Automotive Press Association Rally Awards KENT ISLAND, Md., Oct. 20, 2017 /PRNewswire/ -- It was a banner day for the 2017 Chevrolet Bolt and 2018 Lexus LS 500 at the annual 2017 Washington Automotive Press Association (WAPA) Rally on Oct. 12. The Chevrolet Bolt EV took home the WAPA Rally Green Vehicle award, while the Lexus LS 500 received the WAPA Luxury Vehicle award.

The annual 2017 WAPA Rally, held on the grounds of the luxuriously appointed Chesapeake Bay Beach Club, hosted over 150 WAPA members, journalists, and manufacturer representatives. Over 70 media members of WAPA served as judges to award the highly coveted WAPA Green Vehicle and Luxury Vehicle awards. Representatives from over 30 manufacturer brands were on hand to answer questions about the vehicles and to assist in the evaluation process. After a full day of both highway and suburban on-road testing, the WAPA board of directors presented awards during a reception overlooking the Chesapeake Bay. Read More…

Spetember
August Used Commercial Truck Market Stable MCLEAN, Va., Sept. 20, 2017 /PRNewswire/ -- Commercial truck analysts at J.D. Power Valuation Services note in their September 2017 Commercial Truck Guidelines Industry Update that August's commercial truck wholesale auction market experienced increased volume, but that prices were largely unchanged.

J.D. Power Analysis: Did Wholesale Depreciation Fall Far in August? MCLEAN, Va., Sept. 20, 2017 /PRNewswire/ -- In their September 2017 Used Car and Light Truck Guidelines Industry Update, analysts at J.D. Power Valuation Services note that wholesale depreciation declined by an average of 1.2% in August, beating a five-year historical trend which usually averages 2.2% for the month.

August
Used Commercial Truck Market Solid in July MCLEAN, Va., Aug. 15, 2017 /PRNewswire/ -- Commercial truck analysts at J.D. Power Valuation Services note in their August 2017 Commercial Truck Guidelines Industry Update that July's commercial truck wholesale auction market continued to meet analyst expectations and exhibited steady demand.

J.D. Power Analysis: As Summer's Used Vehicle Values Decline, Manufacturers Increase Incentive Spending for 28th Straight Month  MCLEAN, Va., Aug. 15, 2017 /PRNewswire/ -- Analysts at J.D. Power Valuation Services note in their August 2017 Used Car and Light Truck Guidelines Industry Update that July's wholesale depreciation declined by an average of 2%, matching historical trends.

J.D. Power's Used Vehicle Price Index Service Forecasts Prices Up to Two Years into the Future MCLEAN, Va., Aug. 14, 2017 /PRNewswire/ -- J.D. Power, a global leader in consumer insights and advisory services, has launched the Used Vehicle Price Index Service—a monthly index which tracks current and estimated future movement of wholesale used vehicle prices at both the industry and segment level.

"Lenders, manufacturers, insurers, equity analysts and many others with an interest in the automotive industry depend on insights from J.D. Power to make better decisions affecting their bottom line," said Mike Stanton, Vice President of Valuation Services at J.D. Power. "By offering this highly sought-after service, customers will have a new analytical tool to improve profitability." Read More…

July
Did the Used Commercial Truck Market Just Hit 'Reset'?  MCLEAN, Va., July 17, 2017 /PRNewswire/ -- Commercial truck analysts at J.D. Power Valuation Services note in their July 2017 Commercial Truck Guidelines Industry Update that June's commercial truck wholesale auction market returned to analyst expectations.

J.D. Power Analysis: As June's Used Car Values Mildly Depreciated, New Car Sales Dropped  MCLEAN, Va., July 17, 2017 /PRNewswire/ -- Analysts at J.D. Power Valuation Services note in their July 2017 Used Car and Light Truck Guidelines Industry Update that wholesale depreciation was historically normal in June and declined by an average of 2.2%.

June
What's Going on With the Used Commercial Truck Market?  MCLEAN, Va., June 15, 2017 /PRNewswire/ -- Commercial truck analysts at J.D. Power Valuation Services note in their June 2017 Commercial Truck Guidelines Industry Update that May's Class 8 wholesale auction results were unexpectedly weak, with volume and pricing notably lower than April.

Wholesale Used Vehicle Prices Decline in May  MCLEAN, Va., June 15, 2017 /PRNewswire/ -- Used vehicle analysts at J.D. Power Valuation Services note in their June 2017 Used Car and Light Truck Guidelines Industry Update that May wholesale prices declined by an average of 1.9%.

May
Wholesale Used Vehicle Prices Slipped in April  MCLEAN, Va., May 23, 2017 /PRNewswire/ -- Used Vehicle analysts at J.D. Power Valuation Services note in their May 2017 Used Car and Light Truck Guidelines Industry Update that wholesale prices declined last month by an average of 1.5%.

Has the Used Commercial Truck Market Hit Bottom? MCLEAN, Va., May 23, 2017 /PRNewswire/ -- Commercial truck analysts at J.D. Power Valuation Services note in their May 2017 Commercial Truck Guidelines Industry Update that pricing of used commercial vehicles began to level out despite higher volume during April 2017. 

ClearVin Integrates NADA Values in Their Vehicle History Reports MCLEAN, Va., May 1, 2017 /PRNewswire/ -- ClearVin, a leader in vehicle history reports, and J.D. Power Valuation Services (formerly known as NADA Used Car Guide), the leading provider of used vehicle valuations, have recently agreed on a deal that will make the selling and buying of used vehicles much easier for automotive dealers and wholesalers.

The integration of NADA Values to ClearVin vehicle history reports helps present a complete view of the vehicle beyond the technical specifications. NADA Values included in the history report cover retail, trade-in, auction and loan values. This information will help anyone who is looking to buy a vehicle, bid on a vehicle at auction, sell, or apply for a loan. Read More…

April
Wayne Reaves Integrates NADA Values in Their Dealer Management Software  MCLEAN, Va., April 10, 2017 /PRNewswire/ -- Wayne Reaves, the leading provider of automotive Dealer Management Software to independent car dealers since 1987, will soon enhance their flagship product with NADA Values, the automotive industry's most trusted values, from J.D. Power Valuation Services.

According to Jason Reaves, President of Wayne Reaves, "Our integration of used vehicle values from J.D. Power Valuation Services makes the process of pricing a vehicle much easier. This ultimately saves the independent dealers—who mainly use our software—time and money." Read More…

March
Here's Why the Used Car Market Tanked Last Month MCLEAN, Va., March 21, 2017 /PRNewswire/ -- February 2017 will go down in U.S. used vehicle market history as an underperforming month analyst didn't see coming. So, why were prices surprisingly down last month, when normally during the second month each year they start to bounce back?

February
Australia-Based CarRecord Integrates NADA Values from J.D. Power Valuation Services for Vehicle History Report Product Debut in U.S. CarRecord, the Asia-Pacific region's foremost vehicle history report product, will soon be available for the U.S. market and provide customers with NADA Values from J.D. Power Valuation Services.

The team of analysts at J.D. Power Valuation Services, who provide NADA Values, use auction and retail sales transactions—and review asking prices and other relevant information—to accurately value vehicles.

Mike Stanton, vice president and general manager at J.D. Power Valuation Services said, "We are excited to work with Dealer Trade Group to integrate our accurate, dependable and trusted pricing in their CarRecord product. The integration helps make the selling and buying process more efficient for all involved." Read More...

 

January
J.D. Power Offers New Perspective with Residual Values COSTA MESA, Calif: 18 Jan. 2017 — Insightful analysis of its unmatched automotive retail and auction transactional data plus its customer survey data is the foundation of J.D. Power Residual Values, a benchmark product debuting today that will bring a new perspective to vehicle residual values.

Designed as an information resource for vehicle manufacturers, captive finance companies and lenders, Residual Values incorporates industry-leading sales transaction data gathered by the Power Information Network® (PIN) from J.D. Power (representing more than 40% of franchised dealer retail sales transactions in America); the J.D. Power/National Auto Auction Association AuctionNet service (accounting for more than 80% of automotive auction transactions); and proprietary J.D. Power Voice of the Customer data. Read More...

 

2016

 

December
Used Commercial Trucks: Lackluster Market Conditions Continue
MCLEAN, Va., Dec. 15, 2016 /PRNewswire/ -- The latest monthly Guidelines report from NADA Used Car Guide finds that wholesale prices of vehicles up to eight years in age fell by 3.3 percent on a monthly basis in November. In addition to taking a bigger drop than expected for the month, the decline is also more than double the 1.4 percent average recorded during November the past three years. The month-end result was the market's third worst performance in 2016. As a result, NADA Used Car Guide's seasonally adjusted used vehicle price index fell by 0.3 percent to 116.3.

Used Vehicle Wholesale Auction Prices Take Bigger Drop Than Expected
MCLEAN, Va., Nov. 16, 2016 /PRNewswire/ -- Wholesale prices of vehicles up to eight years in age fell by 3.6 percent in October. The performance matches September as the largest decline recorded this year. As a result, NADA Used Car Guide's seasonally adjusted used vehicle price index fell by 0.5 percent to 117.2.

November
After a Stable Summer, Used Commercial Truck Market Weakens
MCLEAN, Va., Nov. 16, 2016 /PRNewswire/ -- According to analysts at NADA Used Car Guide, the used commercial truck market is showing signs of weakness as real world prices are recorded the first month of the fourth quarter. Analysis in the November NADA Used Car Guide Guidelines report notes a slowdown in auction and retail activity coupled with lower prices.

Used Vehicle Market Prices Soften as Year Comes to End
MCLEAN, Va., Nov. 16, 2016 /PRNewswire/ -- Wholesale prices of vehicles up to eight years in age fell by 3.6 percent in October. The performance matches September as the largest decline recorded this year. As a result, NADA Used Car Guide's seasonally adjusted used vehicle price index fell by 0.5 percent to 117.2.

October
Toyota, Land Rover Top 3-Year-Old Value Retention Report
MCLEAN, Va., Oct. 4, 2016 /PRNewswire/ -- In their most recent Perspective report, NADA Used Car Guide analysts detailed the value performance of used 2013 model year passenger cars and light-duty trucks. "There were several 3-year-old models that jumped up the rankings in their respective segments," said Jonathan Banks, vice president of analysis and vehicle analytics at NADA Used Car Guide.

Used Commercial Truck Volume Increases, Breaks from Summer Lull
MCLEAN, Va., Oct. 17, 2016 /PRNewswire/ -- According to findings in NADA Used Car Guide's recent Commercial Truck Guidelines report, a summer lull in used auction volume ended this past September. Analysis points out a jump to activity levels not seen since this past spring.

September
XIO Group Completes Acquisition of J.D. Power and Associates
LONDON AND COSTA MESA (CA), September 7, 2016 — XIO Group, a global alternative investments firm headquartered in London, today confirmed that it has completed its previously announced acquisition of J.D. Power and Associates, the leading provider of marketing data and analytics for businesses and consumers worldwide, from S&P Global (NYSE: SPGI) for $1.1 billion. J.D. Power will remain headquartered in Costa Mesa, California and continue to be led by its existing senior management team.

E-Credit Express Lender Management Platform Enhanced with NADA Used Car Guide's Trusted Vehicle Values
New integration accelerates used vehicle sale and loan approval process. The integration of NADA Used Car Guide's values into the ECE platform streamlines the dealer sales process and makes all vehicle value information available to lenders with the platform's credit application feature.

August
Used Vehicle Depreciation Rate Continues to Climb
Wholesale prices of vehicles up to eight years in age fell by 2.3 percent in July compared to June. According to the August edition of NADA Used Car Guide's Guidelines report, July's decline ties June for the biggest loss recorded this year.

Used Commercial Truck Market Stability Soldiers On
An August report from NADA Used Car Guide notes the used commercial truck market has generally been stable the past three months. So far in 2016, auction prices have decreased less than 3 percent per month compared to nearly 5 percent per month in the second half of 2015.

July
What is CPO?
Results from a new survey on certified pre-owned (CPO) vehicle programs finds consumers are not fully aware of how they differ from new or used vehicle purchase options. The study, commissioned by NADA Used Car Guide, found most age groups have similar awareness levels.

May
Buying American this Memorial Day Weekend?
As the three day Memorial Day holiday weekend approaches, domestic automakers look to capitalize on extra consumer shopping time with attractive incentive and finance offers. According to analysts at NADA Used Car Guide, the most advantageous deals can be had if consumers are trading in an SUV or truck (the two segments have held value better than cars the last several quarters). When positive equity from a truck or SUV is combined with low interest rate financing and lofty manufacturer-based incentives, the long weekend may be one of the thriftiest times of the year to buy a new vehicle.

April
NADA Used Car Guide Announces MonroneyLabels.com Integration
A recently signed deal between NADA Used Car Guide, the leading provider of used vehicle valuations, and MonroneyLabels.com™, the fastest way to accurately reproduce vehicle window stickers, will make the selling and marketing process of used automobiles quicker and more efficient for dealers. Already an industry standard for assessing the value of used vehicles, the NADA Values Online product continues to raise the valuation bar via the integration.

NADA Used Car Guide Provides Used Vehicle Market Forecast at 2016 NADA Convention and Expo
In a news conference at the Las Vegas Convention Center in conjunction with the 2016 NADA Convention and Exposition, Jonathan Banks, NADA Used Car Guide's executive analyst, presented a used vehicle market forecast for the year which included numerous insights by the industry's leading provider of vehicle valuations.

January
NADA Used Car Guide Launches NADA Values Online, Adds New Vehicle Values to Product Offering
In an effort to continue delivery of industry-leading vehicle valuation insights to its business-to-business customers and improve their user experience, NADA Used Car Guide launched a new NADA Values Online product (formerly known as NADA Online) this morning. Of the numerous features and functionality delivered in the online product, lenders and automotive dealers will find the improved offering provides a time-saving and enjoyable experience.