A new report by J.D. Power Valuation Services finds that although auction volume for commercial vehicles in February was similar to that of January, prices fell unexpectedly. The report also suggests that the March 5 sale of equipment – mainly trailers and single-axle day cabs – as part of a liquidation by defunct carrier Yellow Corp. is having a significant impact on prices in March.
The number of late-model sleepers sold in February was comparable to the January figure. However, prices dropped...