North America Used Truck - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)

The north american used truck market size was valued at USD 19.87 billion in 2025 and is projected to expand from USD 21.01 billion in 2026 to USD 27.80 billion by 2031, registering a 5.76% CAGR between 2026 and 2031. This report is Segmented by Vehicle Type (Light Trucks (Class 3-5), Medium-Duty Trucks (Class 6-7), and More), Fuel Type (Diesel, Gasoline, and More), Age (Up To 3 Years, 4 To 7 Years, and More), End-Use Industry (Construction and Infrastructure, Logistics and E-Commerce Delivery, and More), Sales Channel, and Country. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

North America Used Truck Market Trends and Insights

Rapid E-Commerce Growth Boosting Short-Haul Freight Demand

Parcel deliveries rose significantly in 2025, compressing fulfillment windows and obliging logistics providers to field more Class 3-5 trucks per route-mile. Used light- and medium-duty units meet maneuverability requirements at 40-60% of new prices, hence capital-efficient fleets snap them up within 30 days of listing. Urban return-to-base patterns dilute the disadvantage of extra maintenance on older assets because predictive servicing minimizes downtime. As e-commerce penetration advances in 2025 and is expected to grow further by 2028, short-haul freight capacity continues to expand more quickly than OEM production, supporting sustained premiums for three-to-seven-year-old trucks. The North American used truck market, therefore, benefits from a structural, not cyclical, uplift in urban-delivery equipment turnover.

Tight New-Truck Supply Due to Semiconductor Shortages Creating Residual Demand

In 2025, Class 8 output remained below the pre-pandemic peak due to ongoing chip allocation challenges. Fleets extended their replacement cycles, leading to a significant increase in residual values for used tractors. Tractors equipped with ADAS technology now command record-high prices relative to their original value, altering the typical depreciation curve. While fab capacity is expected to normalize in 2026, bespoke specifications continue to face extended lead times. This delay allows ready-to-roll used inventory to maintain premium margins. Dealers capable of delivering within a short timeframe are capitalizing on this opportunity, bolstering the supply-constrained pricing dynamics that support the North American used truck market.

Volatile Spot-Freight Rates Eroding Owner-Operator Purchasing Power

In 2025, dry-van spot averages declined, barely surpassing the cost threshold that independent operators typically face. That year saw a significant exit of owner-operators, shrinking the market for tractors in the price range favored by independents. A shift towards shorter hauls has diminished the demand for sleeper cabs, a staple of the owner-operator model. California's AB5 reclassification led to a notable reduction in independent contractors during 2024-2025, curbing their discretionary spending. Dealers catering to these independents now face a choice: adopt revenue-based repayment strategies or risk stagnant inventory, which could stifle growth in North America's used truck market.

Other drivers and restraints analyzed in the detailed report include:

• OEM-Led Certified Pre-Owned (CPO) Programs Expanding Finance Access
• CARB and EPA GHG Phase 3 Regulations Accelerating Fleet-Renewal Cycles
• Rising Benchmark Interest Rates Inflating Floor-Plan and Lease Costs

Segment Analysis

Light trucks secured a modest slice in 2025, yet will outpace all classes at 6.63% CAGR as last-mile couriers expand dense urban routes where vans outperform tractors for cost per stop. Heavy-duty vehicles clung to a dominant 45.03% share because long-haul freight and vocational payloads still require Class 8 muscle. Medium-duty units straddle regional distribution and benefit from emerging battery ranges of 150-200 miles that dovetail with depot return cycles. Rising e-commerce share, now 16% of retail, propels high-frequency deliveries, tilting procurement toward Class 3-5 platforms that turn every three to five years, injecting nearly new units back into the North America used truck market. Dealers focusing on quick-turn retail vans match capital-efficiency priorities of parcel integrators, whereas vocational heavy-duty assets retain premium residuals where specialized configurations curb cross-segment competition.

Late-model sleepers replete with lane-keeping and collision-mitigation tech command top valuations because long-haul carriers need both compliance and driver-retention features. Meanwhile, medium-duty buyers weigh diesel’s mature refueling network against tightening mandates that will require 40% zero-emission penetration by 2032 in CARB states, creating uneven depreciation landscapes. For remarketers, finely tuned inventory segmentation - urban delivery versus regional hub-and-spoke versus bona-fide long haul - now shapes gross-margin optimization across the North America used truck market size continuum.

Diesel still covered 75.12% of 2025 demand, yet hybrids and battery-electrics will advance 14.12% annually from a low base as CARB and corporate ESG imperatives bite. Gasoline survives in light-duty municipal niches, while CNG and LNG enjoy pockets of growth where renewable natural-gas supply chains slash lifecycle emissions up to 80%. The trickle of 2021-2023 eCascadias and VNR Electrics entering secondary channels broadens buyer access, though pack health remains an evaluation hurdle lacking uniform testing. Units carrying verified 85-90% capacity sell for 30-40% below new, enticing early adopters in subsidy-rich states.

Over the forecast period, diesel’s supremacy eases but does not break because energy-density and refueling-time metrics still favor fossil fuel above 400-mile daily duty cycles. Nevertheless, medium-duty BEVs find cost parity on depot-charged regional routes, channeling incremental share into segments previously diesel-dominated. The hybrid bridge solution grows among fleets seeking partial emissions relief without range compromises. In aggregate, these shifts delicately rebalance the North America used truck market share among fuel types while preserving diesel as the anchor in high-utilization lanes.

Complete Report Scope:

• By Vehicle Type
  • Light Trucks (Class 3-5)
  • Medium-Duty Trucks (Class 6-7)
  • Heavy-Duty Trucks (Class 8 and Above 15 t)
• By Fuel Type
  • Diesel
  • Gasoline
  • Natural Gas and LPG
  • Hybrid and Battery-Electric
• By Age
  • Up to 3 Years
  • 4 to 7 Years
  • 8 to 12 Years
  • Above 12 Years
• By End-Use Industry
  • Construction and Infrastructure
  • Logistics and E-commerce Delivery
  • Mining and Quarrying
  • Agriculture and Forestry
  • Municipal and Utilities
  • Others
• By Sales Channel
  • Independent Dealer
  • Franchised Dealer
  • OEM-Backed Certified Pre-Owned
  • Online Peer-to-Peer and Auction
• By Country
  • United States
  • Canada
  • Rest of North America

List of Companies Covered in this Report:

• PACCAR Inc
• Daimler Truck North America
• Volvo Group
• International Motors, LLC
• Hino Motors, Ltd.
• Isuzu Commercial Truck of America, Inc.
• Ford Motor Company
• General Motors Company
• Stellantis N.V.
• Rush Enterprises, Inc.
• Penske Used Trucks
• Ryder System, Inc.
• Arrow Truck Sales, Inc.
• IronPlanet, Inc.
• Murphy-Hoffman Company (MHC)

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support