Used truck and semi-trailer inventories continued their extended decline in September, with year-over-year levels down more than 30% across all three equipment categories tracked by Sandhills Global. Asking and auction values strengthened for heavy-duty trucks and semi-trailers, signaling firmer pricing trends, while medium-duty trucks saw continued declines in both asking and auction values.
U.S. Used Heavy-Duty Trucks
- Inventory levels of used day cab and sleeper trucks dropped 2.42% M/M and 36.03% Y/Y in September and are trending down for the 10th consecutive month. Used day cab trucks had the largest M/M inventory change, down 4.65%, while used sleeper trucks had the largest Y/Y inventory change, down 41.43%.
- Asking values increased 2.34% M/M and 0.57% Y/Y and are trending up. Used sleeper trucks had the largest asking value changes, up 3.16% M/M and 2.23% Y/Y.
- Auction values decreased 0.14% M/M but rose 4.07% Y/Y and are trending up. Used day cab trucks had the largest M/M auction value change, down 0.15%, while used sleeper trucks had the largest Y/Y auction value change, up 6.73%.
U.S. Used Semi-Trailers
- Inventory levels of used semi-trailers decreased 8.05% M/M and 35.33% Y/Y in September and are trending down for the 14th month in a row. Used dry van trailers showed the largest M/M inventory change, down 13.15%, while used reefer trailers had the most significant Y/Y inventory change, down 48.87%.
- Asking values increased 1.06% M/M and 7.36% Y/Y and are trending up. Used flatbed trailers had the largest asking value changes, up 2.74% M/M and 12.45% Y/Y.
- Auction values increased 2.01% M/M and 14.74% Y/Y and are trending up. Used flatbed trailers had the largest M/M auction value change, up 3.46%, while used reefer trailers had the largest Y/Y auction value change, rising 21.89%.
U.S. Used Medium-Duty Trucks
- Inventory levels of used medium-duty trucks decreased 3.64% M/M and 30.33% Y/Y in September, continuing a 13-month-long downward trend.
- Asking values decreased 1.47% M/M and 5.52% Y/Y and are trending down for the fifth month in a row.
- Auction values have also been trending down for five months, decreasing 1.29% M/M and 6.16% Y/Y in September.
