Used Heavy-Duty Truck Inventory Drops Sharply as Market Tightens
Event summary
- U.S. used heavy-duty truck inventory fell 8.22% month-over-month and 36.03% year-over-year in July, continuing an eight-month downward trend.
- Used sleeper trucks saw the largest declines, with inventories down 11.8% month-over-month and 40.32% year-over-year.
- Asking values for used heavy-duty trucks decreased 0.88% month-over-month and 5.14% year-over-year.
- OEM order boards are nearly full, suggesting strong demand for new trucks and tightening supply of used vehicles.
The big picture
The sharp decline in used heavy-duty truck inventory reflects broader trends of supply chain constraints and high demand for commercial vehicles. With OEM order boards nearly full, the market is poised for stronger retail values, potentially benefiting sellers but posing challenges for buyers seeking affordable used options. This dynamic underscores the ongoing shift toward tighter equipment markets across multiple industries.
What we're watching
- Market Performance
- Whether the market will sustain stronger retail values through 2027 as used inventory continues to decline.
- Industry Trends
- How full OEM order boards and tightening supply will impact new truck sales and used truck pricing.
- Economic Indicators
- The pace at which inventory levels return to pre-COVID norms and the effect on equipment values.