Used truck inventory tightens as prices rise

Used truck and trailer inventory kept shrinking in September while prices climbed, according to September data from Sandhills Global, J.D. Power and Price Digests.

In the overall market, truck inventory of used day cab and sleeper trucks fell 2.42% month over month and 36.03% year over year in September, lengthening a decline that has lasted for the 10 months, according to a report from Sandhills Global. Used day cab trucks had the sharpest monthly decline at 4.65%, while sleepers had the largest annual decline at 41.43%.

Used semi-trailer inventory declined 8.05% month over month and 35.33% year over year in September, marking 14 consecutive months of decline. Dry van trailers had the steepest monthly drop (13.15%), and reefers had the steepest annual drop (48.87%).

While inventory declined, asking values rose. In the heavy-duty truck segment, asking values were rose 2.34% month over month and 0.57%, continuing an upward trend. Sleeper led the gains, up 3.16% month over month and 2.23% year over year.

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