North America Used Truck Market to Grow with a CAGR of 5.54% through 2030

The North America Used Truck market is growing steadily, driven by rising demand for cost-effective transportation, increased freight activities, supply chain disruptions, and the high cost of new commercial vehicles

According to TechSci Research report, “North America Used Truck Market – By Country, Competition, Forecast & Opportunities, 2030F”, the 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 Used Truck market is witnessing sustained growth, driven by a confluence of economic, operational, and technological factors reshaping the commercial transportation landscape. As fleet operators and logistics companies seek cost-effective solutions amid rising inflation, high interest rates, and capital constraints, used Used Trucks have emerged as a viable alternative to new vehicle purchases. One of the foremost drivers of this trend is the increasing cost of new commercial Used Trucks. With the average price of a new Used Truck exceeding $59,000 as of early 2024, businesses are turning to the secondary market to maintain or expand their fleets without incurring heavy upfront investments. Used Used Trucks offer a more accessible entry point for small and medium-sized operators, especially those engaged in regional logistics, construction, and distribution services.

Another significant factor contributing to market expansion is the ongoing supply chain disruptions and production delays affecting the availability of new Used Trucks. Persistent challenges such as semiconductor shortages, raw material constraints, and global logistical bottlenecks have extended lead times for new Used Truck deliveries, particularly in the heavy-duty segment. While production of lighter chassis has shown signs of recovery, Class 6–8 Used Trucks continue to face notable delays. This gap between supply and demand has redirected purchasing activity toward the used Used Truck market, where fleet operators can secure vehicles more quickly to meet operational needs. The urgency to acquire reliable, road-ready Used Trucks is also reflected in the sharp rise in used Used Truck auction and wholesale transactions, as many buyers seek to avoid extended wait periods associated with new equipment.

Digitization and the proliferation of online platforms have played a transformative role in enhancing the accessibility and efficiency of the used Used Truck market. The integration of digital marketplaces, online auctions, and mobile applications has simplified the vehicle search, evaluation, and purchasing processes. Buyers can now view detailed specifications, inspection reports, vehicle histories, and pricing information remotely, reducing transaction time and increasing market transparency. These platforms have broadened market reach and enabled dealers, fleet operators, and individual buyers to connect across state and national boundaries. The trend toward digitalization is further supported by the rise of e-commerce and last-mile delivery services, which demand flexible and rapid fleet expansion—a need increasingly met through online used Used Truck acquisitions.

Environmental awareness and regulatory compliance are also reshaping buyer preferences within the used Used Truck market. With tightening emissions standards and fuel economy regulations across North America, fleet operators are actively seeking newer used Used Trucks that offer better environmental performance. These vehicles, typically equipped with emissions control technologies such as diesel particulate filters (DPF) and selective catalytic reduction (SCR) systems, help companies maintain compliance while avoiding penalties associated with high-emission models. Buyers also benefit from improved fuel efficiency and reduced operational costs, further enhancing the attractiveness of modern used Used Trucks over older alternatives.

Macroeconomic conditions have further bolstered the market’s trajectory. Rising interest rates and cautious lending policies have made financing new vehicle purchases more challenging for many businesses. In contrast, used Used Trucks, particularly those sold through CPO programs or dealer-backed financing plans, are often more accessible from a credit and cost standpoint. As such, the secondary market serves as a strategic buffer for companies navigating financial uncertainties while maintaining business continuity.

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The Noth America Used Truck market is segmented into tonnage capacity, fuel type, application and country.

Based on the application, Construction is the fastest-growing segment in the North America used Used Truck market, driven by rising infrastructure investments and ongoing residential and commercial development projects. Construction companies increasingly rely on used Used Trucks to transport heavy equipment, materials, and workers, preferring cost-effective, durable vehicles that can perform in demanding environments. Used medium and heavy-duty Used Trucks, including dump Used Trucks, flatbeds, and utility vehicles, are in high demand due to their immediate availability and affordability compared to new models. Additionally, the versatility and ruggedness of pre-owned Used Trucks make them ideal for various construction tasks, fueling consistent growth within this vital industry segment.

Based on country, Canada is currently the fastest-growing region in the North America used Used Truck market, driven by robust economic and logistical trends. Infrastructure investments and expanding road freight volumes have increased demand for reliable, affordable commercial vehicles. At the same time, easing interest rates from the Bank of Canada have improved borrowing conditions, incentivizing fleet upgrades.

Major companies operating in the North America Used Truck Market are:

• 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

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“The integration of telematics and fleet management systems into used Used Trucks has also become a noteworthy trend. Technologies such as GPS tracking, fuel consumption monitoring, diagnostic tools, and driver behavior analytics are increasingly being retained in pre-owned vehicles. These systems allow prospective buyers to evaluate vehicle performance history, usage patterns, and maintenance compliance, thereby supporting informed purchasing decisions. From the seller’s perspective, telematics data helps justify pricing and enhances the resale value of Used Trucks with documented reliability and efficient performance. Moreover, the inclusion of fleet management tools supports seamless integration of used Used Trucks into existing logistics operations. Additionally, used Used Trucks offer a level of flexibility and scalability that aligns well with evolving business models in transportation and logistics. Whether responding to seasonal demand spikes, short-term contracts, or expansion into new service areas, companies are increasingly relying on used vehicles to scale their operations quickly and affordably. This operational agility is particularly vital in an era defined by dynamic market conditions, shifting consumer expectations, and fast-evolving technology, “Said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“North America Used Used Truck Market, By Tonnage Capacity (3.5 Tons to 7.5 Tons, 7.5 Tons to 16 Tons, 16 Tons to 30 Tons, Above 30 Tons), By Fuel Type (Diesel, Petrol, Others), By Application (Logistics, Construction, Mining, Others), By Country, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of North America Used Truck Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the North America Used Truck Market.

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