Used Semi Truck Market – Global Industry Size, Share, Trends, Opportunity, And Forecast, Segmented By Vehicle Type (Light-Duty Truck, Medium-Duty Truck, and Heavy-Duty Truck), By Propulsion Type (ICE and Electric), By Sales Channel (Franchised Dealer, Independent Dealer and Customer to Customer), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 15.31 Billion
CAGR (2026-2031)	5.14%
Fastest Growing Segment	Electric
Largest Market	North America
Market Size (2031)	USD 20.68 Billion

Market Overview

The Global Used Semi Truck Market will grow from USD 15.31 Billion in 2025 to USD 20.68 Billion by 2031 at a 5.14% CAGR. The Global Used Semi Truck Market encompasses the trade of pre-owned heavy-duty commercial vehicles, commonly referred to as tractor-trailers, utilized primarily for long-haul freight logistics. Growth in this sector is principally supported by the substantial cost advantages these units offer over factory-new models, allowing fleet operators to scale operations with lower capital expenditure. Furthermore, the immediate availability of used inventory serves as a critical driver for logistics companies needing to bypass the extended manufacturing lead times associated with new vehicle orders to meet rising e-commerce transportation demands.

Despite these advantages, the market faces a significant challenge in the form of asset value volatility, which creates financial uncertainty for dealerships and fleet managers attempting to forecast depreciation. This instability is often exacerbated by fluctuations in freight rates and inventory oversupply. According to the National Automobile Dealers Association, in 2024, the average transaction price for a used Class 8 truck fell to $59,292 in November, marking a 4.4% decline compared to the same period in the prior year.

Key Market Drivers

Escalating prices and extended lead times for new vehicles are compelling logistics providers to seek pre-owned alternatives to maintain operational continuity. As original equipment manufacturers face production constraints and stricter environmental regulations, the capital investment required for factory-new units has surged, making them less viable for carriers managing tight margins. This price disparity is particularly acute when considering the acquisition costs of next-generation vehicle technologies compared to standard diesel units. According to FreightWaves, May 2024, a major fleet operator reported an approximate $200,000 to $300,000 cost differential between new Class 8 battery-electric vehicles and traditional internal combustion engine tractors. Consequently, fleet managers are diverting capital toward the secondary market to bypass these prohibitive entry costs and avoid the scheduling delays associated with new production slots.

Simultaneously, a rising preference for cost-effective fleet expansion is reshaping transaction volumes as carriers capitalize on depreciated asset values to scale operations. With the freight sector facing economic pressure, operators are prioritizing procurement strategies that minimize financial exposure and maximize immediate return on investment. This strategic pivot toward affordable used inventory has driven a measurable uptick in market activity despite broader economic headwinds. According to Transport Topics, December 2024, used Class 8 truck sales volumes reached 23,800 units in October, representing a 10.7% increase compared to the same period in the previous year. This robust demand has effectively begun to absorb the market's available stock. According to Sandhills Global, in 2024, inventory levels for used heavy-duty trucks declined by 11.19% year-over-year in November, signaling a tightening supply as buyers aggressively acquire accessible units.

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Key Market Challenges

Asset value volatility constitutes a formidable barrier to the sustainable growth of the Global Used Semi Truck Market. This unpredictability in pricing models creates a precarious financial environment for dealerships and fleet managers, who rely on stable residual values to accurately forecast depreciation and calculate the total cost of ownership. When asset values fluctuate erratically, stakeholders face increased risk in inventory management and trade-in valuations, often resulting in hesitation regarding capital allocation for fleet renewal. This uncertainty directly stifles market liquidity, as buyers delay purchasing decisions to avoid acquiring assets that may rapidly lose equity in a turbulent economic climate.

The impact of this price instability is evident in recent market performance metrics, which illustrate the difficulty in maintaining asset value. According to the Used Truck Association, in 2025, the auction value for used day cab trucks recorded a year-over-year decline of 7.32% in November. Such consistent devaluation erodes the borrowing base for transport companies that rely on asset-backed financing to fund operations, thereby restricting their purchasing power and hampering the overall transaction volume within the used vehicle sector.

Key Market Trends

The Widespread Adoption of Digital Sales Platforms and Virtual Vehicle Inspection Technologies is fundamentally altering asset liquidation, moving the industry away from physical lot constraints toward globalized virtual marketplaces. Sellers are leveraging remote inspection tools and high-definition imagery to market inventory to a broader buyer base, ensuring faster turnover despite geographical barriers. This digital shift has led to a surge in online inventory availability as dealers prioritize web-based visibility to capture remote demand and manage surplus stock efficiently. According to Commercial Truck Trader, December 2024, the volume of commercial trucks listed for sale on their digital marketplace increased by 37.2% year-over-year, reflecting this aggressive migration toward online procurement channels.

Simultaneously, the Emergence of a Secondary Resale Market for Electric and Alternative Fuel Commercial Vehicles is creating a novel segment within the used truck ecosystem. As early-adopter fleets cycle out their initial battery-electric units, the industry is witnessing the first substantial wave of these assets entering resale channels, forcing stakeholders to establish new valuation benchmarks distinct from internal combustion pricing models. This influx of next-generation inventory is currently characterized by high depreciation rates as the market seeks to determine residual values for aging battery technologies. According to Work Truck Solutions, October 2024, the average price of used battery-electric work trucks declined by 25.9% year-over-year, illustrating the steep initial depreciation curves defining this nascent resale sector.

Segmental Insights

The electric segment represents the fastest growing category within the Global Used Semi Truck Market, driven by tightening emission standards from regulatory bodies such as the Environmental Protection Agency and the European Commission. As fleet operators retire early-generation battery-electric vehicles to upgrade their logistics networks, the availability of these units in the secondary market increases. Concurrently, smaller transport businesses are acquiring pre-owned electric trucks to align with sustainability mandates and reduce operational costs without incurring the premium price of new models, thereby accelerating segment expansion.

Regional Insights

North America maintains a dominant position in the global used semi-truck market, driven by a robust logistics infrastructure and high freight volumes across the retail and construction sectors. The region’s extensive highway network necessitates consistent fleet operations, fostering a strong secondary market. A primary catalyst for this dominance is the regulatory landscape managed by the United States Environmental Protection Agency. Stringent emission standards compel major fleet operators to frequently upgrade to newer models, thereby generating a steady supply of compliant used trucks for independent owner-operators and smaller businesses seeking cost-effective transport solutions.

Recent Developments

• In April 2025, SelecTrucks, the used truck retail brand of Daimler Truck North America, expanded its network by opening a new facility in Nashville, Tennessee. This location, established as a member of the Velocity Truck Center family of dealerships, was launched to serve customers in the Mid-South region with a wide inventory of heavy-duty trucks. The President of Daimler Truck Remarketing highlighted that the expansion was a result of a longstanding partnership with Velocity and aimed to provide enhanced access to premium used inventory, comprehensive warranty packages, and flexible financing options for owner-operators and fleet managers.
• In May 2024, Iveco re-launched its pre-owned vehicle strategy by rebranding its "OK Trucks" label to "Iveco Certified Pre-Owned". The Italian manufacturer structured the new program around ten pillars, including certified quality, warranty, and maintenance, to better market its second-hand diesel and natural gas models. The program was also expanded to include electric vehicles, aligning with the industry's shift towards decarbonization. Vehicles under this scheme undergo rigorous inspections and are categorized into Premium, Plus, and Standard grades based on their age, mileage, and reconditioning level.
• In April 2024, Scania UK launched a new digital sales platform that enabled customers to purchase approved used vehicles entirely online for the first time. As part of the "Scania Go" programme, this initiative allowed buyers to browse, configure, and finalize purchases of pre-owned trucks, buses, and coaches remotely. The platform provided detailed specifications, grading bands, and indicative finance pricing, aiming to digitize the full buying journey. The company stated that this move was intended to put customers in control of the transaction process, reflecting broader consumer trends towards online commerce.
• In March 2024, Volvo Used Trucks introduced a significant enhancement to its aftermarket offering by allowing customers to extend the driveline warranty on "Volvo Approved" grade vehicles. The manufacturer announced that buyers could increase the standard 12-month coverage to a maximum of 36 months at the point of purchase. This initiative was designed to demonstrate confidence in the quality of their inspection process, which includes a comprehensive 200-point check for every tractor unit and rigid truck. The extended warranty covers critical components such as the clutch, AdBlue system, and the instrument cluster.

Key Market Players

• Gordon Truck Centers Inc.
• Volvo AB Class B
• International Used Trucks
• Truckworld
• Paccar Inc.
• Ryder System Inc.
• Isuzu Motor Ltd.
• General Motors Company
• Ford Motor Company
• Arrow Truck Sales Inc.

By Vehicle Type	By Propulsion Type	By Sales Channel	By Region
Light-Duty Truck Medium-Duty Truck and Heavy-Duty Truck	ICE and Electric	Franchised Dealer Independent Dealer and Customer to Customer	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Used Semi Truck Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Used Semi Truck Market, By Vehicle Type:

• Light-Duty Truck
• Medium-Duty Truck
• and Heavy-Duty Truck

• Used Semi Truck Market, By Propulsion Type:

• ICE and Electric

• Used Semi Truck Market, By Sales Channel:

• Franchised Dealer
• Independent Dealer and Customer to Customer

• Used Semi Truck Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE