Although the 'WD' stands for 'water displacment' WD40 does contain lubricants it also contains anti-corrosion agents and ingredients for penetration and soil removal.
But doesn't last long....hence the 'spray it on before each trip'
I prefer Slip Plate.
I give my hitch an occasional spray on all pivot points and any place where there is metal to metal contact.
King pin....I wipe a thin coat of heavy grease just on contact surface
I also use a Lube Plate on bottom of pin box.
Is it time for your medication or mine?
2007 DODGE 3500 QC SRW 5.9L CTD In-Bed 'quiet gen'
2007 HitchHiker II 32.5 UKTG 2000W Xantex Inverter
US NAVY------USS Decatur DDG31