Used truck and trailer inventories continued to tighten in June, according to the latest Sandhills Global’s truck/trailer market report. Inventory levels declined across heavy-duty trucks, semi-trailers and medium-duty trucks, extending multi-month downward trends, while pricing remained mixed with modest changes in asking and auction values.
U.S. Used Heavy-Duty Trucks
- Inventory levels in this market decreased 6.81% M/M and 31.61% Y/Y in June and have been trending down for seven months. Used sleeper trucks had the largest inventory changes, down 10.16% M/M and 33.62% Y/Y.
- Asking values decreased 1.05% M/M and 1.3% Y/Y and are trending down. Used sleeper trucks had the largest M/M asking value change, down 1.78%, while used day cab trucks had the largest Y/Y asking value change with a 2.39% decrease.
- Auction values posted a marginal decrease of 0.13% M/M but increased 4.02% Y/Y and are trending up. Used day cab trucks had the largest M/M auction value change, down 2.27%, while used sleeper trucks had the largest Y/Y auction value change with a 6.69% increase.
U.S. Used Semi-Trailers
- Inventory levels of used semi-trailers fell 4.03% M/M and 29.28% Y/Y in June and have been trending down for 11 consecutive months. Used drop-deck trailers had the largest M/M inventory change, down 8.46%, while used dry van trailers had the largest Y/Y inventory change with a 31.72% decrease.
- Asking values posted a marginal increase of 0.09% M/M and rose 3.08% Y/Y and are trending sideways. Used drop-deck trailers had the largest M/M asking value change, up 1.55%, while used refrigerated trailers had the largest Y/Y asking value change with a 4.57% increase.
- Auction values decreased 2.24% M/M but increased 4.81% Y/Y and are trending sideways. Used reefer trailers had the largest auction value changes, down 7.55% M/M and up 9.64% Y/Y.
U.S. Used Medium-Duty Trucks
- Inventory levels of used medium-duty trucks decreased 3.69% M/M and 37.55% Y/Y in June. Inventory levels in this market have been trending down for 10 months in a row.
- Asking values posted a marginal decrease of 0.05% M/M and fell 4.56% Y/Y and are trending down.
- Auction values decreased 1.35% M/M and 2.03% Y/Y and are trending down.
