Sandhills Global’s September 2024 U.S. trucks and trailers market report revealed that inventory levels for heavy- and medium-duty trucks as well as used semitrailers, are trending downward.
U.S. Heavy-Duty Trucks
- Inventory levels of used heavy-duty trucks in Sandhills’ U.S. marketplaces dropped 2.71% M/M and 5.85% YOY in September and are trending downward. Sleeper truck inventory typically exceeds day cab inventory, but in a historic first, sleeper truck inventory has dropped to roughly match that of day cabs.
- Continuing months of decreases, asking values decreased by 0.74% M/M and 17.29% YOY.
- Auction values also fell, by 3.51% M/M and 20.39% YOY, and are trending downward.
U.S. Used Semitrailers
- Inventory levels in Sandhills’ used semitrailer marketplaces decreased by 2.82% M/M in September but are trending upward, posting a 22.79% YOY increase. In the overall market, inventory is now reaching pre-COVID levels. Looking at specific categories, used dry van trailer inventory levels decreased by 6.19% but were still up 37.94% compared to last year. Also, with a 33.25% YOY increase, used flatbed trailer inventory was significantly higher than last year.
- Asking values ticked up 1.01% M/M in September but are trending downward. Asking values were 16.23% lower YOY. The used reefer and dry van trailer categories fell the most YOY, posting decreases of 23.67% and 20.34%, respectively.
- Auction values dipped slightly lower by 0.07% M/M, marking consecutive months of declines. Auction values fell 16.65% YOY and are approaching pre-COVID levels. The used reefer and dry van trailer categories also posted the steepest auction value drops, falling 25.49% and 21.75%, respectively.
U.S. Used Medium-Duty Trucks
- In Sandhills’ U.S. used medium-duty truck market, values continue to follow downward trends while inventory levels remained steady in September. Inventory levels decreased by 2.69% M/M, increased by 2.94% YOY, and are trending sideways.
- Asking values followed months of decreases with additional drops of 0.3% M/M and 14.92% YOY in September.
- Auction values have also been falling for months. Auction values were down 2.3% M/M and 23.58% YOY in September, with used moving box trucks showing the sharpest monthly category decrease, down 10.07% M/M.
