Forecast Period
|
2026-2030
|
Market Size (2024)
|
USD 18.25 Billion
|
CAGR (2025-2030)
|
5.54%
|
Fastest Growing Segment
|
Construction
|
Largest Market
|
United States
|
Market Size (2030)
|
USD 25.15 Billion
|
Market Overview
North America Used Truck Market was
valued at USD 18.25 billion in 2024 and is expected to reach USD 25.15 billion
by 2030 with a CAGR of 5.54% during the forecast period. The North America used truck
market is experiencing notable growth due to several key factors. Increasing
demand for cost-effective logistics solutions, coupled with the rising prices
of new commercial vehicles, has made used trucks a more attractive option for
fleet operators and small businesses. Supply chain disruptions and longer lead
times for new truck deliveries have further fueled the shift toward pre-owned
vehicles. Additionally, the market benefits from strong resale networks,
financing options, and the availability of certified used trucks with
warranties. Environmental regulations are also encouraging the adoption of
newer, more fuel-efficient used trucks over older, higher-emission models.
As per the report, In March, the U.S. used truck market exceeded seasonal
expectations, with a 28% monthly sales increase. Strong auction and
wholesale activity reflected buyers seizing opportunities amid economic and
political uncertainty.
Market Drivers
High
Cost of New Commercial Vehicles
One of the most significant drivers of the North
America used truck market is the rising cost of new commercial vehicles. Over
the past few years, prices for new trucks—especially heavy-duty and Class 8
vehicles—have surged due to supply chain issues, rising input costs, stricter
emission standards, and integration of advanced technologies such as
telematics, ADAS (Advanced Driver-Assistance Systems), and fuel-efficiency
enhancements. For small and medium-sized logistics operators and independent
owner-operators, the upfront investment required for new trucks is often not
feasible. As a result, many businesses are opting for used trucks as a
cost-effective alternative that still meets their operational needs. According
to study, the average price of a new truck in January was USD59,684,
significantly higher than the average SUV price of USD 47,667. This
substantial cost difference is driving increased demand for used trucks, as
buyers seek more affordable alternatives without compromising utility and
performance.
The higher depreciation rate of new trucks within the
first few years also incentivizes buyers to prefer used models that offer
better value. Moreover, used trucks that are just a few years old often come
with features comparable to new ones, making them a viable solution for
companies looking to balance performance with budget constraints. This economic
advantage continues to support the expansion of the used truck market in the
region.
Supply
Chain Disruptions and Longer Lead Times for New Trucks
Persistent global supply chain disruptions—aggravated
by the COVID-19 pandemic, semiconductor shortages, and logistical
bottlenecks—have significantly impacted the availability of new commercial
vehicles. Manufacturers have faced production delays, creating long wait times
for new truck deliveries. Fleet operators who cannot afford to wait several
months for a new vehicle have increasingly turned to the used truck market to
fulfill their immediate needs. According to the NTEA (Work Truck
Association), delivery lead times for Class 2–5 chassis improved markedly in
2024—some even returning to late‑2020
levels—while Class 6–8 models continue to experience significant delays. These
persistent wait times for heavy‑duty trucks are
pushing fleet operators toward the used truck market, fueling its growth.
This trend has led to increased turnover in used truck
inventories and has elevated the demand for well-maintained, low-mileage
vehicles. Dealerships and certified pre-owned programs have responded by
improving the reconditioning and inspection processes to boost the appeal and
reliability of used trucks. In many cases, used trucks are now being sold with
warranties, financing plans, and service packages that closely resemble those
offered with new models, further reducing buyer hesitation and accelerating market
momentum.
Expansion
of Certified Pre-Owned (CPO) and Leasing Programs
The growing availability of certified pre-owned (CPO)
programs is another key driver of the North America used truck market. CPO
trucks undergo rigorous inspections, refurbishment, and come with extended
warranties, which significantly enhance buyer confidence. These programs are
often offered by OEMs and large dealership networks, enabling buyers to access
high-quality used vehicles backed by a level of manufacturer support. As per
the study, In
March 2025, U.S. certified pre-owned vehicle sales rose 21.2% month-over-month,
reaching approximately 246,800 units showing growing buyer confidence in
certified used vehicles.
Additionally, the return of off-lease vehicles
provides a steady supply of relatively new used trucks into the market. Fleet
leasing has become an increasingly popular option for businesses that want to
avoid the long-term risks of ownership. When these leased vehicles reach the
end of their term, they are returned, inspected, and often resold through CPO
programs or auction platforms. This cycle helps maintain a consistent and
growing inventory of well-maintained used trucks, supporting a robust and dynamic
secondary market.

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Key Market Challenges
Inconsistent
Vehicle Quality and Limited Transparency
One of the most pressing challenges in the North
America used truck market is the inconsistency in vehicle quality and the lack
of transparency surrounding the condition and history of used trucks. While
certified pre-owned (CPO) programs and reputable dealerships provide inspection
reports and warranties, a significant portion of used truck sales still takes
place through independent dealers or private sellers, where such guarantees are
absent.
Buyers often face difficulty in assessing the
mechanical integrity, accident history, mileage tampering, and maintenance
records of used vehicles. Without comprehensive data or digital tracking
systems, fleet operators risk purchasing trucks that may require costly repairs
soon after acquisition. These uncertainties can significantly deter potential
buyers, especially small businesses and owner-operators who cannot afford
unplanned downtime or unexpected expenses. Although digital platforms and
telematics integration are improving transparency, their adoption remains
uneven across the market. Until standardized vehicle reporting becomes
widespread, the issue of inconsistent vehicle quality will continue to
challenge the growth of the used truck sector.
Regulatory
Compliance and Emissions Standards
Another major challenge for the North American used
truck market is navigating the complex and evolving landscape of environmental
regulations and emissions standards. Both the United States and Canada have
implemented stringent laws aimed at reducing greenhouse gas emissions and
improving fuel efficiency in the transportation sector. These policies, while
beneficial for the environment, pose a hurdle for older used trucks that do not
meet current emissions criteria.
Fleet operators purchasing older vehicles may face
limitations on where and how those trucks can be used. For instance, certain
states and provinces have restrictions on the operation of high-emission diesel
trucks in urban areas or environmentally sensitive zones. In addition, vehicles
that do not meet newer standards may incur higher taxes or fees, diminishing
their cost advantage over newer models.
Key Market Trends
Digitization
of Sales Channels
A major trend reshaping the North America used truck
market is the rapid digitization of sales and remarketing channels. Traditional
truck dealerships are increasingly integrating online platforms to offer
virtual showrooms, detailed vehicle listings, digital financing options, and
remote vehicle inspections. This shift is fueled by the broader adoption of
e-commerce, accelerated during the COVID-19 pandemic, and now considered a
standard expectation in the vehicle sales industry.
Buyers can now access truck specifications,
maintenance history, and high-resolution images or videos without visiting a
dealership. Online auction platforms, such as Ritchie Bros. and IronPlanet, as
well as OEM-backed marketplaces, have gained popularity for offering
transparency, competitive pricing, and convenience. Additionally, some digital
platforms provide predictive analytics and pricing tools that help buyers make
more informed decisions based on truck condition, mileage, and market demand.
Integration
of Telematics and Fleet Management Systems
Another emerging trend in the North America used truck
market is the integration of telematics and fleet management technologies into
used vehicles. Traditionally limited to new trucks, advanced technologies such
as GPS tracking, fuel monitoring, diagnostic alerts, and driver behavior
analytics are now being installed or retained in pre-owned trucks.
Telematics not only enhances vehicle performance and
route optimization but also allows potential buyers to assess a truck’s past
usage patterns, idling time, and maintenance records in detail. This level of
data transparency builds buyer trust and reduces the risk of mechanical
surprises. Sellers, in turn, use this data to justify higher resale values and
differentiate their offerings from lower-tier competitors.
Segmental Insights
Fuel Type Insights
Petrol is the dominating segment in the North America
used truck market, primarily due to its affordability, widespread availability,
and lower initial maintenance costs compared to diesel alternatives. Many light
and medium-duty trucks operate on petrol engines, which are favored by small
businesses and individual buyers for short-distance hauling and urban
deliveries. Additionally, petrol-powered trucks typically have lower upfront
costs and are easier to maintain, making them a popular choice in the used
vehicle space. As environmental regulations push for cleaner emissions, modern
petrol engines with improved fuel efficiency continue to attract buyers seeking
a balance between performance and compliance.
Application
Insights
Logistics is the dominating segment in the North
America used truck market, driven by the region’s expanding e-commerce sector
and the growing need for efficient goods transportation. Logistics companies
increasingly rely on used trucks to scale operations quickly and
cost-effectively, especially for last-mile and regional deliveries. The high
cost and limited availability of new trucks make used vehicles a practical
choice for fleet expansion. Additionally, advancements in telematics and fleet
management systems have enhanced the operational efficiency of used trucks,
making them more viable for logistics providers. This trend continues to fuel
strong demand within the logistics and distribution sector.

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Country Insights
The United States is the dominating country in the
North America used truck market, owing to its vast transportation network,
strong demand for freight services, and a well-established used vehicle
ecosystem. The country’s large logistics and construction industries generate
consistent demand for commercial trucks, while a steady supply of off-lease and
trade-in vehicles supports the secondary market. Additionally, the presence of
major OEMs, certified dealerships, and online sales platforms enhances accessibility
and buyer confidence. Favorable financing options, extensive road
infrastructure, and advanced fleet management technologies further strengthen
the United States’ position as the primary driver of market growth in the
region.
Recent Developments
- In April 2023, Penske Truck Leasing has agreed to
acquire Star Truck Rentals, Inc., encompassing its full-service leasing,
commercial rental, maintenance, and used-truck sales operations. The deal adds
approximately 1,900 vehicles and 18 locations across Michigan and Indiana,
pending closing in Q2 2023, bolstering Penske’s regional fleet and service
footprint.
- In June 2023, Ryder System has launched a new
used-vehicle sales center in Norwood (Boston South), Massachusetts. The
facility expands Ryder’s North American retail network, offering comprehensive
pre-owned commercial vehicle options, financing, and maintenance services to
meet growing fleet demand in the region.
- In April 2025, Ryder has opened a new used-vehicle
sales location in Norwood, Massachusetts (Boston South), expanding its North
American retail footprint. The facility offers a wide selection of pre-owned
commercial vehicles, plus financing and maintenance services to better serve
local fleet and business customers.
Key Market Players
- Paccar
Inc.
- Daimler
AG
- General
Motors Company
- Ford
Motor Company
- Isuzu
Motor Ltd.
- AB
Volvo
- Scania
AB ( Traton SE)
- Freightliner
Limited
- Hino
Motors
- Navistar
International Corporation
By Tonnage Capacity
|
By Fuel Type
|
By Application
|
By Country
|
- 3.5 Tons to 7.5 Tons
- 7.5 Tons to 16 Tons
- 16 Tons to 30 Tons
- Above 30 Tons
|
|
- Logistics
- Construction
- Mining
- Others
|
Mexico
|
Report Scope:
In this report, the North America Used Truck Market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
·
North America Used Truck Market, By Tonnage Capacity:
o 3.5 Tons to 7.5 Tons
o 7.5 Tons to 16 Tons
o 16 Tons to 30 Tons
o Above 30 Tons
·
North
America Used Truck Market, By
Fuel Type:
o Diesel
o Petrol
o Others
·
North
America Used Truck Market, By Application:
o Logistics
o Construction
o Mining
o Others
·
North
America Used Truck Market, By Country:
o United States
o Canada
o Mexico
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents
in the North America Used Truck Market.
Available Customizations:
The North America Used Truck Market report
with the given market data, TechSci Research offers customizations according to
a company's specific needs. The following customization options are available
for the report:
Company Information
·
Detailed
analysis and profiling of additional market players (up to five).
North America Used Truck Market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]