Critical Shifts:
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Significant Inventory Contraction: Used truck inventory levels are experiencing a sustained decline, down over 20% year-over-year for heavy-duty trucks and over 38% for medium-duty trucks. This downward trend has persisted for several consecutive months across all major categories.
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Resilient Buyer Sentiment: Despite high fuel costs, buyer interest remains positive. While many organizations have delayed fleet upgrades, the natural lifecycle of aging equipment is creating a "coiled spring" effect where falling fuel prices could trigger a significant surge in replacement sales.
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Mixed Pricing and Value Trends: While asking values for used heavy-duty trucks show a slight monthly uptick, they remain down annually. Auction values have largely flattened out, trending sideways as the market balances decreased supply against economic pressures like fuel volatility.
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Sandhills Global market reports inventory levels of used trucks on TruckPaper.com and other Sandhills platforms are down over 20% compared to last year and is continuing a downward trend.
“Buyer sentiment remains positive despite increasing fuel prices,” says Truck Paper Manager Scott Lubischer. “However, if fuel prices fall, we’re sure to see a significant rise in sales. Some organizations have been able to delay upgrading their fleets, trucks and trailers will only last so long, and aging inventory will have to be replaced.”
According to the latest Sandhills Global market reports, inventory levels of used trucks on TruckPaper.com and other Sandhills platforms are down over 20% compared to last year and is continuing a downward trend.
“Buyer sentiment remains positive despite increasing fuel prices,” says Truck Paper Manager Scott Lubischer. “However, if fuel prices fall, we’re sure to see a significant rise in sales. Some organizations have been able to delay upgrading their fleets, trucks and trailers will only last so long, and aging inventory will have to be replaced.”
Inventory levels in the U.S. Used Heavy-Duty Trucks market fell 4.77% month over month and 20.27% year over year in April and are trending down, a pattern that has persisted for five months. Used day cab trucks had the largest inventory changes, down 5.68% M/M and 25.12% Y/Y. Asking values increased 0.46% M/M but decreased 2.8% Y/Y and are trending down, continuing a 5-month-long pattern. Used sleeper trucks led in M/M asking price changes with a 1.04% increase, while used day cab trucks had the largest Y/Y asking price change with a 4.45% drop.
Auction values remained unchanged M/M in April, decreased 1.56% Y/Y, and are trending sideways. Used day cab trucks had the largest auction value changes, up 0.24% M/M and down 1.91% Y/Y.
Inventory levels of used medium-duty trucks fell 2.1% M/M and 38.39% Y/Y in April and are trending down, a pattern that has persisted for eight consecutive months. Asking values increased 1.44% M/M but fell 4.16% Y/Y and are trending sideways. Auction values rose 3.56% M/M but decreased 1.65% Y/Y and are trending sideways.
