According to Sandhills Global, used heavy- and medium-duty truck inventory levels are on an upward trend. Inventory levels of used semitrailers posted a slight month-over-month increase in May, while inventory levels of used lifts posted a slight decrease.
U.S. Used Heavy-Duty Trucks
- Used heavy-duty truck inventory levels are on an upward trend. Levels increased 2.21% M/M and 6.29% YOY in May.
- By contrast, values decreased across the board in May with significant YOY drops. Asking values fell 2.29% M/M and 17.24% YOY and have experienced months of decreases.
- Auction values have also fallen for months and were down 1.11% M/M and 18.66% YOY in May.
U.S. Used Semitrailers
- Inventory levels of used semitrailers increased by 0.88% M/M in May, continuing a pattern of growth over successive months, and were 29.11% higher YOY. This category includes dry van, reefer, flatbed, and drop deck semitrailers.
- On the other hand, values continue to plummet. Asking values remain on a downward trend, falling 1.57% M/M and 20.31% YOY in May.
- Auction values decreased by 4.01% M/M, marking a trend of consistent decreases, and were 21.91% lower YOY.
U.S. Used Medium-Duty Trucks
- Inventory levels of medium-duty trucks, including box trucks, flatbed trucks, and cab and chassis trucks, have grown consistently in the past months. Inventory was up 1.68% M/M and 32.59% YOY.
- Values, however, continued a downward trend in May. Asking values decreased 0.29% M/M and 14.71% YOY.
- Auction values were down 1.46% M/M and 15.7% YOY after consecutive months of decreases.
U.S. Used Lifts
- The U.S. used lift market showed a 2.02% M/M decrease in inventory levels, but this category is on an upward trajectory. Inventory levels were 4.25% higher YOY.
- Asking values increased 0.71% M/M in May but are trending downward, with a 6.9% YOY decline.
- Conversely, auction values ticked downward by 1.19% M/M, continuing a pattern of consecutive decreases, and fell 13.93% YOY.
The full report is available online: https://sandhills.showpad.com/share/e5fu3E3jWZaLcWY2xE6GD.
