The U.S. used truck and trailer market continued to experience declining inventory levels and fluctuating pricing trends in February, with heavy-duty trucks leading the downward trajectory, according to the latest data from Sandhills Global. The findings highlight ongoing shifts in supply and demand dynamics across key equipment categories.

Heavy-Duty Trucks: Inventory and Prices Continue to Fall

The heavy-duty truck segment, which includes used day cab and sleeper trucks, has seen inventory levels decline for six consecutive months. In February, overall inventory dropped 2.33% month over month and 21.84% year over year, led by sleeper trucks, which recorded a 4.64% month-over-month and 41.28% year-over-year decrease.

Asking values for heavy-duty trucks also followed a downward trajectory, falling 0.31% month over month and 6.52% year over year. Day cab trucks posted the largest year-over-year asking value decrease, down 8.77%. Auction values remained relatively stable, edging down 0.89% month over month and 6.17% year over year. Within this category, day cab trucks saw the steepest declines, with auction values down 1.83% month over month and 9.94% year over year.

Semitrailers Show Mixed Trends

The U.S. used semitrailer market presented a mixed picture. Inventory levels rose 3.49% month over month but remained down 9.2% year over year. Dry van trailers saw the most notable month-over-month inventory increase at 5.52%, while reefer trailers experienced the most significant year-over-year inventory decline at 24.89%.

Asking values for used semitrailers increased 1.74% month over month but fell 8.77% year over year, indicating a steady trend. Dry van trailers saw the highest month-over-month increase at 2.81%, while reefer trailers posted the steepest year-over-year decline at 12.27%. Auction values also reflected mixed results, with a minor 0.9% month-over-month uptick but a 5.38% year-over-year drop. The used flatbed trailer category led in month-over-month auction value increases, up 3.86%, whereas reefer trailers experienced the sharpest year-over-year drop, down 13.23%.

Medium-Duty Trucks: Inventory Growth Amidst Pricing Adjustments

Meanwhile, the U.S. used medium-duty truck market exhibited more stability, with inventory levels growing 5.84% month over month and 20.26% year over year. This growth was driven primarily by flatbed trucks, up 13% month over month, and reefer box trucks, which surged 99.47% year over year.

Asking values in the medium-duty market showed modest changes, rising 1.65% month over month but declining 1.61% year over year. Reefer box trucks led month-over-month increases with an 8.29% uptick, while dry cargo delivery box trucks posted the largest year-over-year decline at 6.13%. Auction values mirrored this pattern, climbing 1.77% month over month but slipping 2.19% year over year. Reefer box trucks saw auction values increase 6.09% month over month, while dry cargo delivery box trucks saw an 8.55% year-over-year drop.