As explained in the free June report, the above figures translate to an overall monthly value loss of about 3%, which is notably better than the 5% monthly loss in the second half of 2015.
According to Chris Visser, senior commercial truck analyst at NADA Used Car Guide, "One item we're keeping our eye on is a steep increase in the number of day cabs hitting the auction lanes. We haven't yet published in-depth analysis of the day-cab segment, but keep in mind this increased volume will impact market pricing."0
The report concludes that — in general — lower used truck pricing should bolster demand as late-model trucks become less expensive every month. But, this factor primarily helps buyers with an older trade-in or those looking to purchase a truck outright. Buyers with newer trade-ins may balk at unexpectedly low trade offers, and opt to repair rather than replace. Uncertainty about the increasingly negative freight environment is also a limiting factor. This may be the status quo for the next few months.