Sandhills Global released its January 2025 Truck/Trailer report for both the U.S. and Canada.
The U.S. used commercial vehicle market began 2026 with continued tightening in available inventory and uneven price movement across key segments:
U.S. Heavy-Duty Trucks
- Inventory levels in the U.S. used heavy-duty truck market continued a downward trend in January, falling 3.9% M/M and 11.37% Y/Y. Used sleeper trucks recorded the steepest M/M inventory decline at 5.17%, while used day cab trucks drove the largest Y/Y drop at 13.14%.
- Asking values also slipped further, down 1.87% M/M and 2.73% Y/Y, maintaining an overall downward trend. The biggest M/M asking value decrease occurred in the used sleeper truck category, down 2.45%, and the most pronounced Y/Y decline was observed in used day cab trucks, down 5.55%.
- Auction values decreased by 0.98% M/M and 4.58% Y/Y in January and are trending down. Used sleeper trucks posted the largest M/M auction value decline at 1.82%, while used day cabs experienced the largest Y/Y decrease at 6.59%.
U.S. Used Semi-Trailers
- Inventory levels in this market fell 5.84% M/M and 18.46% Y/Y, maintaining a downward trend. The largest inventory changes were observed in the used reefer trailer category, down 10.4% M/M, and the used dry van trailer category, down 26.23% Y/Y.
- Asking values rose 3.51% M/M but slipped 1.65% Y/Y and are trending sideways. Used reefer trailers had the greatest impact on monthly asking prices in January, increasing by 4.62% M/M, while used dry van trailers led other categories in Y/Y decreases with a 3.58% drop.
- Auction values are also trending sideways, posting a 5.15% M/M increase and a 4.54% Y/Y decrease in January. The largest auction value changes were seen among used reefer trailers, up 7.15% M/M, and used dry van trailers, down 16.51% Y/Y.
U.S. Used Medium-Duty Trucks
- Inventory levels in this market inched up 0.94% M/M in January but fell 5.7% Y/Y and continued a 5-month-long downward trend.
- Asking values were essentially flat in January, increasing by 0.01% M/M, but fell 6.61% Y/Y and are trending down.
- Auction values were up 1.85% M/M and down 6.81% Y/Y. Like asking values, auction values have been trending down for five consecutive months.
