November was the strongest month on record for all segments of the used medium and heavy truck market.
Buyers continue to pay retail pricing at auctions, to the point where trucks regularly bring higher pricing at auction than retail.
Incoming December data shows the throttle firmly to the floor.
“With current and impending changes to Fed activity, interest rates, COVID stimulus payments and other variables, which our forecasting models incorporate, we are keeping a cautious eye on what will happen to consumer purchasing once these become a reality,” said Chris Visser, commercial truck senior analyst at J.D. Power Valuation Services. “We’re focused on the impact to commercial truck demand once interest rates rise and stimulus payments stop.”
Read the release from J. D. Power Valuation Services