According to data reported to NADA by auctions and dealers, wholesale prices for the most popular GVW classes stabilized in the 4th Quarter of 2012, and in the case of Class 6, reversed course to trend upwards (see graph below).

The Class 6 turnaround is particularly encouraging, since the higher pricing came despite greatly increased volume in the 4th Quarter. Increased price combined with higher volume suggests increased demand.

With heavy exposure to the rental and light construction markets, recent movement in these segments suggests that improved consumer spending may finally be trickling down to the used truck market.

Stay tuned for deeper analysis of the medium duty market in the March edition of Guidelines, available later this week.