Sandhills Global revealed, in its October 2024 U.S. trucks and trailers market report, that asking and auction values continued a downward trend for used semitrailers, heavy- and medium-duty trucks.
U.S. Used Semitrailers
- In the used semitrailer market, Sandhills noted a shift from an upward trend to a steady trend in October. Inventory levels were down 5.84% M/M and up 8.52% Y/Y. The flatbed trailer category showed the largest Y/Y inventory gain, up 28.53%, while the dry van trailer category showed the largest M/M inventory loss, down 8.74%.
- Asking values continued a 26-month-long downward trend, posting decreases of 3.48% M/M and 18.87% Y/Y in October. Used reefer trailers led the way, down 26.68% Y/Y.
- Similarly, auction values have been trending downward for 28 months in a row. Auction values dropped 2.27% M/M and 18.12% Y/Y in October. Used reefer trailers led the way in auction value decreases, as well, with values falling 6.99% M/M and 30.38% Y/Y.
U.S. Heavy-Duty Trucks
- In this market, used day cab truck inventory levels surpassed used sleeper truck inventory for the first time, driven by the 5- to 10-year-old heavy-duty truck category. In the overall market, inventory levels were down 2.28% M/M and 10.42% Y/Y, continuing months of decreases. Unlike day cabs, sleeper truck inventory trends have been declining or steady since January, and inventory has not yet reached pre-COVID levels. Day cabs have also not reached pre-COVID levels, but they’re close and continuing to edge closer as these trends continue. Day cab inventory levels were up 27% Y/Y in October, while sleeper truck inventory levels were down 31.77% Y/Y.
- Used heavy-duty truck asking values have been trending down for 25 months. Asking values were down 1.12% M/M and 15.27% Y/Y in October, with the greatest Y/Y decrease occurring in the day cab category, down 14.18%.
- Auction values decreased 1% M/M and 18.68% Y/Y in October and are trending down. Day cabs posted the largest auction value decreases, down 23.5% Y/Y.
U.S. Used Medium-Duty Trucks
- Inventory levels in this market rose 1.35% M/M and 5.45% Y/Y and are trending sideways. Used reefer box trucks showed the greatest inventory increases, up 12.22% M/M and 138.84% Y/Y. Inventory levels of moving box trucks, by contrast, fell 21.31% Y/Y.
- Asking values have been trending down for 22 months. This continued in October with decreases of 0.33% M/M and 13.93% Y/Y, driven by the used cab and chassis truck category, down 22.46% Y/Y.
- Auction values have also been trending down for 22 months. Despite a slight uptick of 0.65% M/M, auction values in this market fell 22.31% Y/Y in October. Used cab and chassis trucks showed the greatest decrease, down 28.08% Y/Y.
