The U.S. used truck and trailer market continued to tighten in August, with inventories declining across heavy-duty and medium-duty trucks and remaining well below year-ago levels. Used semi-trailer inventory was the exception on a monthly basis, edging up 0.7%, though it remained down more than 31% year over year. Pricing trends were mixed: asking values generally increased month over month, while auction values strengthened across most categories. Heavy-duty truck auction values rose both monthly and annually, while semi-trailer values posted particularly strong year-over-year gains. Medium-duty trucks continued to show softer year-over-year pricing despite modest monthly increases.
U.S. Used Heavy-Duty Trucks
- Inventory levels of used day cab and sleeper trucks decreased 6.16% M/M and 37.7% Y/Y in August and have been trending down for nine consecutive months. Used day cab trucks had the largest M/M inventory change, down 7.15%, while used sleeper trucks had the largest Y/Y inventory change, down 42.3%.
- Asking values increased 2.99% M/M but decreased 2.2% Y/Y and are trending down. Used day cab trucks had the largest asking value changes, up 3.08% M/M and down 3.7% Y/Y.
- Auction values rose 4.91% M/M and 3.03% Y/Y and are trending up. Used sleeper trucks had the largest auction value changes, up 5.7% M/M and 5.91% Y/Y.
U.S. Used Semi-Trailers
- Inventory levels of used semi-trailers increased 0.7% M/M but decreased 31.38% Y/Y in August and have been trending down for 13 months in a row. Used drop-deck semi-trailers had the largest M/M inventory change, up 10.26%, while used reefer semi-trailers had the largest Y/Y inventory change, down 48.29%.
- Asking values increased 0.46% M/M and 5.88% Y/Y and are trending up. Used dry van semi-trailers had the largest M/M asking value change, down 2.27%, while used reefer semi-trailers had the largest Y/Y asking value change, up 10.45%.
- Auction values increased 1.57% M/M and 11.47% Y/Y and are trending up. Used dry van semi-trailers had the largest M/M auction value change, down 3.59%, while used reefer semi-trailers had the largest Y/Y auction value change, up 21.8%.
U.S. Used Medium-Duty Trucks
- Inventory levels of used medium-duty trucks decreased 1.07% M/M and 33.18% Y/Y in August and have been trending down for 12 consecutive months.
- Asking values increased 0.23% M/M, decreased 6.04% Y/Y, and are trending down.
- Auction values increased 0.45% M/M, decreased 6.42% Y/Y, and are trending down.
