According to Sandhills Global, used heavy- and medium-duty truck inventory levels are trending sideways with month-over-month decreases, while the used semitrailer market continues posting increases.
U.S. Used Heavy-Duty Trucks
- Inventory levels in this market fell 2.75% M/M and 3.88% Y/Y in August but are fairly stable, trending sideways. Notably, used sleeper truck and used day cab inventory levels are now roughly equivalent; this marks a shift, as sleeper truck inventory has historically been double that of day cabs. By contrast, used sleeper trucks and day cabs in Sandhills’ Canadian marketplaces are adhering to historical norms, with sleeper truck inventory more than double that of day cabs.
- Asking values decreased 1.15% M/M and 17.16% Y/Y and are trending down.
- Auction values showed a slight decline of 0.56% M/M and a more significant 18.42% Y/Y drop in August. Auction values are trending sideways.
U.S. Used Semitrailers
- The used semitrailer market posted increases of 1.93% M/M and 28.48% Y/Y after several months of growth. The used dry van and flatbed trailer categories are driving inventory growth in this market. Dry van trailer inventory was up 3.36% M/M and 50.77% Y/Y in August, while flatbed trailer inventory rose 7.71% M/M and 38.57% Y/Y.
- Used semitrailer asking values were down 2.66% M/M and 18.44% Y/Y and are trending down. Used dry van and reefer trailers led the way in price decreases; dry van asking prices decreased 6.95% M/M and 26.43% Y/Y in August, while reefer van asking prices dropped 3.93% M/M and 25.49% Y/Y.
- Used semitrailer auction values declined 3.75% M/M and 18.52% Y/Y in August. Used dry van and reefer trailers showed roughly comparable drops but with more significant Y/Y decreases; dry van auction values were down 5.35% M/M and 23.66% Y/Y, while reefer trailer auction values were down 3.32% M/M and 25.18% Y/Y.
U.S. Used Medium-Duty Trucks
- August inventory levels of used medium-duty trucks, which include box trucks, flatbed trucks, and cab and chassis trucks, fell 4.64% M/M, increased 11.27% Y/Y, and are trending sideways.
- Following months of decreases, asking values were down 2.49% M/M and 16.8% Y/Y.
- Auction values have also been decreasing for several months, and this continued in August with declines of 3.49% M/M and 24.15% Y/Y.
