Average prices for Class 8 used trucks in the auction and retail markets were both higher last month as the market continues its second half rebound, J.D. Power announced Wednesday in its September 2020 Commercial Truck Guidelines industry report.
Beginning in the Class 8 auction space, J.D. Power reports similar volume month over month led to an across-the-board increase in price.
Average auction prices were as follows:
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J.D. Power says 4- to 6-year-old trucks in its benchmark model averaged 7.7 percent more last month than July. And while pricing for the first eight months of 2020 is down 17.1 percent, it is up when compared directly to July and August of last year. The company says the latter of 2019 saw a notable decline in pricing, which means year-over-year comparisons will be easier going forward. And, thanks to this year’s midsummer recovery, J.D. Power reports its benchmark truck now shows an average monthly price gain of 1.6 percent per month in 2020.
