Global Used Truck Market

Global Used Truck Market Overview

• The Global Used Truck Market is valued at approximately USD 50–55 billion, based on a five-year historical analysis and triangulation of recent industry estimates. This level reflects reported base-year valuations from multiple market intelligence providers focused on actual transaction values in the secondary market . The growth is primarily driven by the increasing demand for cost?effective transportation solutions, rising e?commerce activities, and the need for fleet renewal among logistics companies; digital auction platforms and stronger SME participation have further supported used?vehicle turnover .
• Key players in this market include the United States, Germany, and China, which are influential due to robust logistics infrastructure, large goods transport demand, and deep dealer/auction networks. Asia-Pacific holds the largest regional share in used trucks, while North America is also a leading region by revenue; Europe (with Germany as a hub) remains a significant secondary market with organized remarketing channels .
• In 2023, the U.S. government advanced new heavy?duty emissions standards via the Environmental Protection Agency for future model years, and several states continued California?aligned rules; however, there is no nationwide mandate that all used trucks sold must meet new environmental standards beyond existing federal emissions compliance at the time of manufacture and applicable state inspection programs. Federal heavy?duty rules set stricter standards for new engines/vehicles, while used?truck sales remain governed by compliance with original certification and state emissions/inspection regimes .

Global Used Truck Market Segmentation

By Type:The used truck market is segmented into various types, including light-duty trucks, medium-duty trucks, heavy-duty trucks, vocational/specialty trucks, and off-highway and specialized haulage. Heavy-duty trucks account for a substantial share of used?truck revenues globally due to their higher unit values and sustained freight demand, while light?duty trucks lead volumes in urban logistics and last?mile applications; both categories are central to market liquidity across regions .

By End-User:The end-user segmentation includes logistics and freight carriers, construction and infrastructure contractors, retail and FMCG companies, government and municipal fleets, and agriculture, mining, and oil & gas operators. Logistics and freight carriers remain the most significant contributors to used?truck demand, underpinned by e?commerce growth, regional distribution build?outs, and fleet optimization cycles; construction and agriculture also support steady purchases of vocational and medium/heavy units .

Global Used Truck Market Competitive Landscape

The Global Used Truck Market is characterized by a dynamic mix of regional and international players. Leading participants such as Volvo Group (Volvo Used Trucks; Arrow Truck Sales), Daimler Truck AG (SelecTrucks; Mercedes?Benz Trucks Used), PACCAR Inc. (Kenworth Certified Pre?Owned; Peterbilt Red Oval), Navistar International Corporation (International Used Truck Centers), MAN Truck & Bus SE (MAN TopUsed), Scania AB (Scania Used Vehicles), Isuzu Motors Limited (Isuzu UTE/Isuzu Used Commercial Programs), Hino Motors, Ltd. (Hino CPO; Toyota Group), Tata Motors Limited (Tata Motors Assured Vehicles), Ford Motor Company (Ford Pro Commercial Vehicle Remarketing), Freightliner Trucks (Daimler Truck; SelecTrucks network), Kenworth Truck Company (PACCAR; CPO), Mack Trucks, Inc. (Mack Certified Used), International Trucks (Navistar; Used Truck Centers), Penske Used Trucks, Ryder Used Trucks, Enterprise Truck Sales, Ritchie Bros. (including IAA and IronPlanet), Manheim Auctions (Cox Automotive), AutoNation USA – Truck & Commercial (select markets), Trucks24/Truck24 (Europe digital marketplace), TruckScout24 (Europe), Mascus (Ritchie Bros. marketplace), Commercial Truck Trader (USA marketplace), OLX Autos (selected LATAM/Asia used commercial) contribute to innovation, geographic expansion, and service delivery in this space.

Global Used Truck Market Industry Analysis

Growth Drivers

• Increasing Demand for Cost-Effective Transportation Solutions:The global logistics industry is projected to reach $12 trillion in future, driving the demand for used trucks as businesses seek cost-effective transportation solutions. With the average cost of new trucks exceeding $100,000, many companies are turning to used trucks, which can be acquired for approximately $30,000 to $50,000. This trend is particularly evident in regions where operational costs are critical for maintaining competitive advantage.
• Rising Fuel Prices Driving the Need for Used Trucks:Fuel prices have surged, with the average diesel price reaching $4.00 per gallon in future, prompting fleet operators to seek more economical options. Used trucks, often more fuel-efficient than older models, are becoming increasingly attractive. The shift towards fuel-efficient used trucks is expected to enhance operational margins, as companies aim to mitigate rising transportation costs while maintaining service levels.
• Expansion of E-Commerce and Logistics Sectors:The e-commerce sector is anticipated to grow to $6.5 trillion in future, significantly impacting logistics and transportation needs. This growth is driving demand for used trucks, as businesses require flexible and scalable transportation solutions. The logistics sector's expansion is leading to increased utilization of used trucks, which offer a quicker return on investment compared to new vehicles, thereby supporting the overall market growth.

Market Challenges

• Stringent Emission Regulations:Governments worldwide are implementing stricter emission regulations, with many regions mandating compliance with Euro 6 standards in future. This poses a challenge for older used trucks, which may not meet these requirements. As a result, operators face potential fines and increased operational costs, leading to a decline in the attractiveness of certain used truck models that do not comply with these regulations.
• Fluctuating Resale Values:The resale value of used trucks can be highly volatile, influenced by market demand and economic conditions. In future, the average depreciation rate for used trucks is projected to be around 15% annually. This fluctuation can deter potential buyers, as uncertainty regarding future resale values complicates financial planning and investment decisions, impacting overall market stability.

Global Used Truck Market Future Outlook

The future of the used truck market appears promising, driven by technological advancements and evolving consumer preferences. As digital platforms for buying and selling used trucks gain traction, the market is expected to see increased transparency and efficiency. Additionally, the growing emphasis on sustainability will likely lead to a rise in demand for eco-friendly used trucks, including electric and hybrid models, further shaping the market landscape in the coming years.

Market Opportunities

• Growth in Online Used Truck Marketplaces:The rise of online platforms is revolutionizing the used truck market, with sales through digital channels projected to increase by 30% in future. This shift allows buyers to access a wider range of options and competitive pricing, enhancing market accessibility and efficiency, ultimately benefiting both buyers and sellers.
• Increasing Demand for Electric and Hybrid Used Trucks:As environmental concerns rise, the demand for electric and hybrid used trucks is expected to grow significantly, with sales projected to reach 200,000 units in future. This trend presents a lucrative opportunity for dealers and manufacturers to cater to eco-conscious consumers, aligning with global sustainability goals and enhancing market appeal.