According to Sandhills Global, used heavy- and medium-duty truck inventory levels rose slightly on a month-over-month and year-over-year basis in June, while used semitrailer inventory levels dropped month-over-month but are on an upward trend year over year.
U.S. Used Heavy-Duty Trucks
- Inventory levels of used heavy-duty trucks rose slightly in June, up 1.24% M/M and 0.7% YOY, and are trending sideways.
- Values, meanwhile, continue trending down following months of decreases. Asking values decreased by 1.66% M/M and 17.6% YOY in June.
- Auction values dropped by 4% M/M and 20.18% YOY.
U.S. Used Semitrailers
- Inventory levels of used semitrailers are nearing pre-COVID levels, driven primarily by increases in the dry van trailer category. Used semitrailer inventory levels dropped just 0.66% M/M but are trending up and were 26.81% higher YOY in June.
- After several months of decreases, asking values decreased 2.15% M/M and 19.55% YOY.
- Auction values have also experienced months of decreases. Auction values were down 0.33% M/M and 19.68% YOY in June.
U.S. Used Medium-Duty Trucks
- Inventory levels in this category were up 2.65% M/M in June following months of increases and were 28.21% higher than last year.
- Rising inventory levels of medium-duty trucks continue to add pressure to asking and auction values, which are both trending downward. Asking values posted a marginal M/M increase in June, decreased by 12.85% YOY, and are trending down.
- After months of decreases, auction values dropped by 3.02% M/M and 16.37% YOY in June.
U.S. Used Lifts
- Inventory levels of used lifts remain elevated while values continue downward trends. Inventory levels in this market were up 5.3% M/M and 11.29% YOY in June and are trending upward.
- Asking values dropped by 3.2% M/M and 9.05% YOY.
- Auction values fell 3.65% M/M and 14.78% YOY.
The full report is available online: https://sandhills.showpad.com/share/AmRPr5kumXykm6eyx4gI0.
