Analysts from NADA Used Car Guide published a report that observes that during this past month of November, wholesale depreciation continued to outpace depreciation in the retail sector. Additionally, auction volume was higher during the month, while retail volume remained similar to last year.
Major takeaways from the free monthly Guidelines report are as follows:
- Class 8 auction volume up moderately—depreciation now averaging 3% per month
- Class 8 retail conditions relatively stable—depreciation remains at about 2% per month
- Medium-duty performance mixed—lighter gross vehicle weight (GVW) conventionals performing better than heavier