The trucking industry is currently experiencing a surge in demand, leading to increased truck prices, regardless of mileage. This demand is not just exclusive to the UK but is being seen overseas – with countries such as Ukraine experiencing a significant increase in both truck demand as the nation looks to support war-torn areas of the country with valuable supplies. At the same time, some may argue this upswing can be attributed to the integral role trucks play daily in transporting goods and services – a role that has become even more essential in today’s global economy.
As a leading UK truck trader, we closely monitor these market trends to ensure you receive the most competitive and reasonable price for your used truck. Given the current demand, will there be a better time to sell your truck? And how much should you sell your truck for? Let’s take a closer look into the key factors that will help you determine the value of your rigid lorry or tractor unit, and where you can obtain the best price.
The Condition
The first thing to consider is the condition of your truck. The age and mileage are important factors, but ultimately its condition will play a big part in determining its value. If you have kept on top of regular maintenance and service, then it’s likely that your truck will fetch a higher price than if it was in need of repair or refurbishment. It’s also important to consider any additional features you have invested in – such as new tyres, a GPS system or an upgraded interior. These extra features can add value to your truck despite its age, making it more enticing to potential buyers.
The Make and Model
Of course, the more renowned and reputable brand your truck is, the higher the price will likely be. But it’s important to keep in mind that trends in the trucking industry are constantly changing, and certain makes or models may gain popularity due to their performance or efficiency. Even if your truck is an older model but still runs well, you may be able to find a buyer willing to pay a fair price for it.
The Mileage
The mileage of your truck must also be factored in, as this can affect the vehicle’s resale value. Generally speaking, the higher the mileage on a truck, the lower its price will be. However, if you have documents showing regular maintenance and servicing have been kept up-to-date, this can help offset any concerns about how many miles the truck has accumulated. It is crucial to provide potential buyers with evidence that your rigid lorry or tractor unit has been well-maintained, as this will give them more confidence in their purchase.
Finding the Right Buyer
Auction houses and online marketplaces, traditionally popular platforms for selling trucks, have recently become more of a hassle due to the increasing presence of ‘tyre kickers’ and additional fees. Here in the UK, ‘tyre kickers’ is a term used to describe those who show apparent interest in buying but have no real intention to purchase, wasting the seller’s time and resources. Unfortunately, we operate in an industry that’s plagued by timewasters, especially when vehicles are listed on online auctions and marketplace websites. Coupled with this problem, sellers are also burdened with extra fees these platforms charge for services such as listings, transactional costs, and sometimes even unsuccessful sales. This combination of non-serious buyers and mounting costs has made these platforms less attractive and efficient for truck sellers.
Truck Trading is here to make selling your truck straightforward and hassle-free with no hidden costs or fees. Our team of experienced truck exporters are ready and available to help you determine the true worth of your truck. With our Value My Truck form taking as little as 60 seconds of your time, you can quickly get an accurate price for your used truck that takes into account market trends and any additional features or benefits your lorry may have. All our quotes are non-binding and without obligation, so you can rest assured knowing you are in safe hands.
Same-Day Payment and Free Collection
What’s more, we strive to ensure a seamless and smooth transaction process with our promise of same-day payment. At Truck Trading, we understand that selling your truck can be daunting, so we make the selling process as easy and stress-free as possible – with upfront payment.
On top of this, we are pleased to offer free collection of your truck from any destination across the UK. Whether you’re selling a single truck or a fleet, our team can collect your truck at no extra cost, saving you valuable time and effort. Sound good? Get started here and see how much your truck is worth.
