The U.S. used truck and trailer markets saw continued inventory declines in October, extending downward trends that have lasted nearly a year or longer across equipment categories, according to new data from Sandhills Global. While used heavy-duty truck and semi-trailer values largely held firm or increased year over year, the medium-duty truck market continued to face downward pressure on both asking and auction values.
U.S. Used Heavy-Duty Trucks
- Inventory levels of used day cab and sleeper trucks decreased 0.83% M/M and 37.25% Y/Y in October and are trending down for the 11th consecutive month. Used day cab trucks had the largest M/M inventory change, down 8.39%, while used sleeper trucks had the largest Y/Y decline of 39.22%.
- Asking values dipped 0.24% M/M but increased 2.12% Y/Y and are trending up. Used sleeper trucks had the largest asking value changes, down 1.16% M/M and up 2.28% Y/Y.
- Auction values slipped 0.16% M/M but rose 6.09% Y/Y and are trending sideways. Used day cab trucks had the largest M/M auction value increase at 1.46%, while used sleeper trucks posted the largest Y/Y gain of 6.72%.
U.S. Used Semi-Trailers
- Inventory levels of used semi-trailers decreased 3.85% M/M and 33.92% Y/Y in October and are trending down for the 15th consecutive month. Used dry van trailers had the largest M/M inventory decrease at 9.16%, while used reefer trailers experienced the steepest Y/Y decline of 45.05%.
- Asking values rose 1.46% M/M and 9.46% Y/Y and are trending up. Used reefer trailers had the largest asking value increases, climbing 2.86% M/M and 17.04% Y/Y.
- Auction values increased 3.18% M/M and jumped 19.64% Y/Y and are trending up. Used dry van trailers had the largest M/M auction value gain of 10.94%, while used reefer trailers posted the strongest Y/Y increase at 29.44%.
U.S. Used Medium-Duty Trucks
- Inventory levels of used medium-duty trucks dipped 0.19% M/M and dropped 29.42% Y/Y in October and are trending down for the 14th month in a row.
- Asking values increased marginally by 0.2% M/M but decreased 3.52% Y/Y, continuing a six-month-long downward trend.
Auction values declined 1.57% M/M and 4.81% Y/Y and are also trending down for the sixth consecutive month.
