In the rapidly changing logistics and transportation industry, the used trucks and trailers market has seen its fair share of challenges and opportunities over the last several years.
The COVID-19 pandemic brought about a surge in demand for Euro 6 lorries and semi-trailers as businesses rushed to resume operations and compensate for lost time. This rise created a shortage of new assets, with delivery times stretching from one to three years for UK hauliers. As a result, both new and used lorry prices skyrocketed by approximately 40%. With the cost of living crisis squeezing budgets for many businesses, the market for used trucks and trailers has undergone another dramatic shift.
The demand for drivers, as well as the overall demand for transportation, has decreased significantly. This change has forced some businesses to sell off existing fleets, pay off finance plans, or even close down due to the lack of profitability. For many, the inflated prices paid during the post-pandemic boom resulted in depreciated market values for these assets.
Adapting to Market Shifts
In today’s interconnected world, it’s easy to become overwhelmed by the sheer volume of information available and the speed with which market conditions can change. For businesses to stay competitive, they must be agile and able to respond quickly to changing market dynamics. That’s where Truck Trading comes in. With our extensive global network of buyers and sellers, we have adjusted our strategy, carefully selecting purchases to meet international demand – accurately reflecting current market values and minimising overhead costs to ensure a sustainable approach. We offer a fast, friendly, and flexible approach, providing quick quotes, personalised customer experiences and same-day payment. Ultimately, we give you a streamlined and efficient service you can count on.
Successfully Handling Complex Export Projects
Truck Trading’s ability to tackle complex export projects showcases our dedication to exceptional service. A recent example involved the sale of 250 semi-trailers to a European customer. We meticulously inspected and prepared each trailer, coordinated export shipping intricacies, and communicated openly with all relevant parties. By managing the project seamlessly, our team demonstrated our commitment to customer satisfaction and strengthened our reputation as a reliable partner.
The Road to Resilience
We also recognise the importance of adapting to changes in the logistics and transportation industry. By remaining at the forefront of technological advancements, shipping technologies, customs requirements and market trends, Truck Trading continues to provide a comprehensive and reliable service regardless of market conditions. We minimise downtime by ensuring our staff are using cloud-based systems to control the financial side of the business as we streamline time-consuming processes, such as invoicing, book-keeping, managing stock and what has shipped to customers, along with being able to transfer data quickly to other departments. The driving agencies we use have trackers. Therefore, we know when drivers are due to be with the vendor to collect vehicles and when the driver is expected to deliver the vehicle to the required location. This means everyone’s in the loop, and should anyone enquire, we have this information at a moment’s notice.
How Can Truck Trading Remain Ahead of the Curve?
We may be leading truck traders, but we can only predict the outcome based on today’s societal demands and economic changes worldwide. There are many catalysts at play simultaneously. The bottom line is that no matter how complex recessions may be, how turbulent the supply chain can become, or how difficult it can be to maintain an efficient business in today’s climate, there’ll always be the need for companies to upgrade their fleets, expand into new areas and gain the best possible price for their assets.
A Fair Price at Your Fingertips
When it comes to valuations of rigid lorries, tractor units, and semi-trailers, Truck Trading is here to assist businesses in need. With a commitment to providing fast and fair prices, we understand the importance of offering accurate and competitive valuations in today’s dynamic market. Whether you want to sell your assets or assess their value, our experienced team can provide the expertise you need. Additionally, our streamlined process ensures same-day payment, offering convenience and peace of mind. Should you require any support or have any inquiries, we are only a phone call or WhatsApp message away.
