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Acceptance Of Used Trucks In The Transportation Business

Acceptance Of Used Trucks In The Transportation Business

As electric mobility accelerates, the future of used trucks hangs in the balance. Discover how regional readiness, sustainability, and evolving buyer preferences are reshaping the global used truck market—and what it means for the road ahead.

April 28, 2023 5 min read Consumer Discretionary
#Used Trucks, Future outlook of the global used truck market
Acceptance Of Used Trucks In The Transportation Business

The acceptance of used trucks in different regions of the world will likely change as the shift toward electric-driven vehicles gains momentum.

While the demand for used trucks is expected to remain high in some regions, others may experience a decline as more customers opt for newer, cleaner, and more efficient models. Especially recognizing this background, sustainability becomes more and more important for the total lifecycle of a truck.

Market Trends of Used Trucks

North America and Europe are currently the largest markets for used trucks, with strong demand from individual buyers and fleet operators. There is a growing interest in electric trucks in these regions, with some major manufacturers already introducing new models to the market. As a result, used trucks will likely face tougher competition from electric alternatives, which may impact their resale value.

Of course, that will depend on the region one is looking at.

The main questions will be whether those regions are ready to implement an electric vehicle parc infrastructure and what level is expected in the specific region or country regarding the readiness for electric mobility.

In contrast, the demand for used trucks will likely remain high in regions such as Africa and Asia,…

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