Sandhills Global’s latest Truck & Trailer Market Reports reveal broad inventory declines across major used equipment categories in November, with notable downward pressure in heavy-duty trucks, semi-trailers and medium-duty trucks. The findings highlight ongoing market recalibration as equipment categories respond differently to evolving supply-and-demand conditions.
U.S. Used Heavy-Duty Trucks
- Inventory levels in this market decreased by 3.63% month over month and 11.84% year over year in November and are trending down. The steepest inventory drop occurred in the used day cab truck category, which was down 9.97% M/M and 22.64% Y/Y.
- Asking values decreased by 1.54% M/M and remained almost flat compared to year-ago values with a 0.08% decrease. The used sleeper truck category decreased the most M/M, by 2%, while the used day cab truck category decreased the most Y/Y, by 6.28%. Asking values are currently trending sideways.
- Auction values were down slightly in November, by 1.65% M/M and 0.8% Y/Y. M/M declines were led by used sleeper trucks at 2.81%. Used day cab trucks posted the largest Y/Y auction value drop at 7.32%.
U.S. Used Semi-Trailers
- U.S. used semi-trailer inventory levels were nearly flat in November with a 0.04% M/M decrease but were down 10.17% compared to year-ago levels and are trending down. Despite the overall monthly decrease, used drop-deck trailer inventory levels increased more than other categories with an 8.02% M/M bump. The steepest Y/Y inventory level declines occurred in the used dry van trailer category with a 21.39% drop.
- Asking values were up slightly in November, by 0.93% M/M and 0.97% Y/Y, but are trending down. The used reefer trailer category posted the largest increases, up 4.57% M/M and 7.16% Y/Y.
- Auction values in this market are also trending down despite increases of 2.43% M/M and 1.25% Y/Y in November. Sandhills observed the most pronounced auction value increases in the used reefer trailer category, up 5.43% M/M, and the used drop-deck trailer category, up 2.65% Y/Y.
U.S. Used Medium-Duty Trucks
- Inventory levels of U.S. used medium‑duty trucks fell 3.75% M/M and 5.89% Y/Y in November and are trending downward.
- Asking values increased by 1.58% M/M yet continued a 15-month-long downward trend. Asking values decreased by 3.92% Y/Y.
- Auction values also continued a downward trend, although for a much shorter time compared to asking values. Auction values increased by 2.52% M/M and decreased by 5.15% Y/Y.
