Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Sales Volume of Class 8 Used Trucks to Reach 281,000 Units By 2025
save 25 %
* Required Fields
Pay by invoice
The demand for used trucks is expected to remain flat in the short term and gain strength in the medium term following the implementation of greenhouse gas (GHG) phase 2 regulations, combined with the upcoming fleet replacement cycle in 2019-2020. Many owner-operators and other smaller fleets are still uncomfortable with the low used truck prices and so are not willing to dispose their old trucks. There is now a high supply of 3- to 5-year-old trucks with increasing mileage, resulting in sustained low prices in the market. Dealer lots having high-mileage trucks are unappealing to buyers in the market, leading to an increase in new truck sales over the short term.Truck specification will play a key role in determining the valuation of used trucks. There is a strong demand for higher-displacement engines in the used truck market. There is also an increasing trend toward AMT transmission in the line-haul tractor segment due to the fuel efficiency improvements offered. Freightliner Cascadia registered the highest volume among sleeper tractors sold in 2016, while Kenworth emerged as the strong player in the vocational market. Volvo and Mack trucks are finding higher acceptance in the construction segment due to the improved freight environment.With advancement in truck technologies, newer model year (MY) trucks will increase the reliability and durability of the vehicles, thereby reducing downtime. Fleets will be able to hold their cabs for a longer period of time, while also maintaining strong performance standards and reduced upkeep costs. Additionally, warranty will play a key role as an asset value multiplier, increasing the valuation of used trucks. The implementation of stricter emission and fuel efficiency regulations will require OEMs and dealers to educate customers on new technologies. Retail dealership controls more than 75% market share of distribution channels and offers better sales and service support compared to the other channels.Digitization, big data, and analytics are making strong inroads in the used truck market. They enable OEMs and dealers to automate their customer outreach campaigns, generate large lead volumes, reach target customers, and facilitate in the management of optimal inventory based on vehicle valuation and regional pricing.
Key Issues Addressed
Latin America Passenger Vehicle Market Outlook, 2019
Global Light Commercial Vehicle Market Outlook, 2019
Commercial Vehicle Market in the Gulf Cooperation Council, 2018
TCO Analysis and Case for Electric Trucks in North America, 2017–2030
Global Semi-Trailers Market, 2017–2025
North America Category Management Report—Replacement Demand Analysis for Class 6-8 Selected Emission Control and Aftertreatment Components Aftermarket, Forecast to 2024
Global Digital Freight Brokerage Market Opportunities, Forecast to 2025
Truck-as-a-Service Market, Forecast to 2025
Strategic Analysis of Thailand’s Commercial Vehicle Industry, Forecast to 2022
Global Farm Equipment Telematics Market, Forecast to 2023
food waste market
alternative energy market
medical supplies market
augmented reality market
commercial aviation market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.