Major findings in the monthly report note, which can be downloaded on nada.com:
June auction volume returned to 'normal' levels after May's 'unusually' low performance.
Pricing declined in May, falling by an average of 1.9 percent.
Retail depreciation remained calm.
Monthly depreciation ran 0.7 percent milder than in 2016.
Medium duty market retrenched in May.
Volume was mixed for the month.
Chris Visser, senior commercial truck analyst at J.D. Power Valuation Services said, "Volume of the most common sleeper tractors sold at auction increased greatly in June after a poor showing in May."
"We saw the pricing of our benchmark model decrease 2.8 percent compared to last month, which is a little higher than we expected," he said. "The drop is much less dramatic than what we saw in May."
Experience the power of AIRCAT's diverse ratchet selection. Each designed with a unique transmission gear for faster torque buildup and unbeatable performance. Their compact sizes...
AIRCAT grinders deliver powerful performance with high RPM and efficient, quiet operation. Designed for comfort and control, they feature ergonomic handles, extended reach, and...
Hear what senior autotechs have to say about the AIRCAT Nitrocat 1056-XL compact impact wrench. They’ll provide their reviews on tools they own and have been using every day on...
Voice Your Opinion!
To join the conversation, and become an exclusive member of Vehicle Service Pros, create an account today!
