It’s been well documented in the media that used car prices are approximately £4,500 higher than they were during pre-pandemic days, with experts stating there’s no sign of values falling. But what about used trucks, tractor units and semi-trailers? Well, the story is quite similar.
Many lorry manufacturers’ production lines face lengthy delays due to worldwide parts shortages. Many new trucks are awaiting new components. Therefore, high-quality used trucks are becoming increasingly hard to find, with many firms maintaining their existing fleet for as long as possible. This has resulted in a significant increase in used truck prices, so if you’re considering selling your truck, now might be the ideal time.
Economic uncertainty drives used truck prices
Brexit, the pandemic and rapidly rising fuel costs continue to cause economic uncertainty, with many businesses investing in used trucks instead of brand new models. The reasons for this are twofold; firstly, used trucks are often much cheaper than their brand-new counterparts, and secondly, they offer greater flexibility when financing. With low business confidence and an uncertain economic outlook, many firms also lease rather than buying trucks outright. Leasing offers lower monthly payments and the option to hand the truck back at the end of the contract, which is often seen as a more flexible and less risky option than buying outright.
Quality used trucks are more popular, especially Euro 6 HGVs
If you’re considering selling your truck, it’s essential to understand that used truck prices are high, and demand for quality vehicles remains strong so you can get an excellent price for your vehicle. However, it’s crucial to remember that the market could change at any time, so it’s always worth keeping an eye on current trends to ensure you get the best possible price for your truck.
As a result of this global shortage in used trucks, tractor units and trailer prices have been rising over the past year. It’s also worth pointing out that the latest regulations for combustion engines and laws to introduce more clean air and ULEZs (Ultra Low Emissions Zones) have increased the costs for transporting goods in certain areas alongside increased tax. Therefore, demand for Euro 6 HGV vehicles has increased considerably. Various reports are circulating online, documenting a 59% increase compared to pre-pandemic.
An era of exciting opportunities in used truck sales
We’re all living in a world of constant change and disruption, with every sector facing unique and often unprecedented challenges, however, in the haulage industry, one thing remains clear: you can get an excellent price for your used truck, tractor unit or trailer in just a matter of minutes. Whether you’re looking to upgrade to a newer model, are downsizing your fleet and want to build up your cash reserves or simply need to free up some space in your yard, now is the perfect time to sell.
If you have any questions about selling your used truck, tractor unit or trailer, our team of experts are on hand to offer expert guidance and support. We can also value your truck in just a matter of minutes, so please don’t hesitate to complete our quick and easy form – and don’t forget to add several high-resolution photographs. We can also provide same-day payments to completely streamline and simplify the process of selling your used truck. To learn more about us and how we can help you, please call our main office on 0161 432 1477 or send us a message here.