Used Truck Market Report Scope & Overview:       

The Used Truck Market was valued at USD 52.75 billion in 2025 and is projected to reach around USD 101.75 billion by 2035, growing at a CAGR of 6.96% from 2026–2035.

The Used Truck Market is witnessing robust growth fueled by increased freight transport demand, fast-growing logistics operations for e-commerce, and an increasing preference for affordable fleet management systems. The high price of acquiring new trucks, along with extended fleet renewal periods, is prompting logistics companies, SMEs, construction companies, and owner-operators to acquire used trucks. Moreover, the increasing accessibility of structured resale platforms, Certified Pre-Owned Programs, online marketplaces, and financing services is contributing to increased transparency and faster adoption of used trucks across the world.

Recent developments indicate significant expansion in organized used truck ecosystems and digital resale platforms. Major fleet operators and OEMs are strengthening certified pre-owned programs and enhancing digital vehicle inspection systems to improve buyer confidence and residual value management

Used Truck Market Size and Forecast

• Market Size in 2025: USD 52.75 Billion

• Market Size by 2035: USD 101.75 Billion

• CAGR: 6.96% from 2026 to 2035

• Base Year: 2025

• Forecast Period: 2026–2035

• Historical Data: 2022–2024

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Used Truck Market Trends

• Rising adoption of OEM-certified pre-owned truck programs is improving buyer confidence and resale market transparency.

• Increasing digitalization of truck resale ecosystems is accelerating deployment of AI-enabled valuation and online transaction platforms.

• Rapid adoption of telematics and connected vehicle diagnostics is enhancing fleet visibility and vehicle performance assessment.

• Growing use of predictive maintenance and data-driven vehicle inspection tools is improving residual value and lifecycle management.

• Increasing expansion of e-commerce, freight transportation, and last-mile logistics networks is driving used truck demand globally.

• Rising preference for cost-optimized fleet expansion strategies is encouraging adoption of pre-owned commercial vehicles among SMEs and fleet operators.

• Expanding investments in digital marketplaces, auction platforms, and fleet lifecycle management solutions are driving innovation across the organized used truck ecosystem.

U.S. Used Truck Market Size Outlook:

The U.S. Used Truck Market was valued at USD 13.49 billion in 2025 and is projected to reach around USD 26.04 billion by 2035, growing at a CAGR of 6.96% from 2026–2035.

The USA is the largest market in the region for used trucks owing to its advanced logistics system for transporting goods, prevalence of big fleets, and well-established infrastructure for selling commercial vehicles. The market demand is also driven by the growth in e-commerce logistics operations, constant fleet renewal process, and the growing trend of using pre-owned commercial vehicles to expand fleets economically.

Recent developments highlight growing expansion of OEM-backed certified used truck programs and digital fleet remarketing platforms across the U.S. market. Major fleet operators and auction platforms are increasingly integrating AI-based vehicle inspections and telematics-driven analytics to improve asset valuation accuracy and fleet lifecycle optimization.

Used Truck Market Segment Highlights

• By Truck Type, Light Commercial Vehicles (LCV) dominated the Used Truck Market with 42.34% share in 2025; Heavy Duty Trucks (HCV) fastest growing CAGR.

• By Vehicle Age, 3–6 Years (High-demand resale segment) dominated the Used Truck Market with 35.49% share in 2025; 0–3 Years (Certified / Near-new) fastest growing CAGR.

• By Sales Channel, Organized Dealers & OEM Certified Pre-Owned (CPO) dominated the Used Truck Market with 38.75% share in 2025; Online Used Truck Marketplaces fastest growing CAGR.

• By End-Use Industry, Logistics & Transportation dominated the Used Truck Market with 34.24% share in 2025; Mining & Quarrying fastest growing CAGR.

• By Fuel Type, Diesel dominated the Used Truck Market with 86.51% share in 2025; Electric Used Trucks fastest growing CAGR.

By Fuel Type, Diesel segment dominates the Used Truck Market, Electric Used Trucks segment expected to grow fastest

The Diesel segment maintained the highest share of 86.51% in 2025. This domination has been made possible by the extensive use of diesel-fuelled trucks in various fields like the freight transport industry, construction sector, and industries. There is still a preference for diesel trucks because of their high torque performance and fuel efficiency when used over long distances. Also, there is a wide distribution of diesel truck fleets, hence providing high secondary markets.

The Electric Used Trucks segment is projected to achieve the highest growth rate during 2026–2035.

By Truck Type, Light Commercial Vehicles (LCV) segment dominates the Used Truck Market, Heavy Duty Trucks (HCV) expected to grow fastest

In 2025, the Light Commercial Vehicles (LCV) segment maintained its dominant position in the Used Truck Market, accounting for 42.34% of total revenue. The growth of the industry is mainly propelled by growing demand for last mile deliveries, urban logistics operations, and usage of light trucks by small and medium-sized enterprises and independents. The market remains positively affected by rapid vehicle turnover, cost advantages against heavy truck options, and development of e-commerce deliveries networks within both developed and developing countries.

From 2026 to 2035, the Heavy-Duty Trucks (HCV) segment is projected to record the highest CAGR. The rapid growth is attributed to increased activity in long-distance haulage, more investment in infrastructure, and high demand for economical truck fleet upgrades from logistics providers. The growth in the movement of industrial cargo and international transportation services is contributing to the popularity of second-hand heavy trucks.

By Vehicle Age, 3–6 Years segment dominates the Used Truck Market, 0–3 Years (Certified / Near-new) expected to grow fastest

In 2025, the 3–6 Years (High-demand resale segment) category held the largest share of 35.49% in the Used Truck Market, backed by a good balance between the cost of acquisition, the remaining useful life of the vehicle, and efficiency of operation. Most buyers find the age of this category of vehicles to be appealing since it affords good maintenance economics.

The 0–3 Years (Certified / Near-new) segment is expected to register the highest CAGR during 2026–2035. Growth is stimulated by growing supply of OEM-endorsed pre-owned cars, consumer’s preference towards low mileage cars and high level of credibility of digital inspection services. Growing finance programs and resale programs with warranty coverage further boost growth within the segment.

By Sales Channel, Organized Dealers & OEM Certified Pre-Owned (CPO) segment dominates the Used Truck Market, Online Used Truck Marketplaces expected to grow fastest

In 2025, the Organized Dealers & OEM Certified Pre-Owned (CPO) segment maintained its dominant position in the Used Truck Market, accounting for 38.75% of total revenue. This type of leadership is mainly influenced by the rising need for vehicles with validated quality, purchase warranties, and consistent inspection methods. Resale channels that are well organized continue to experience increased confidence from consumers owing to their certified vehicle systems, financing facilities, consistent documentation processes, and robust OEM refurbishing networks.

From 2026 to 2035, the Online Used Truck Marketplaces segment is projected to record the highest CAGR.

By End-Use Industry, Logistics & Transportation segment dominates the Used Truck Market, Mining & Quarrying segment expected to grow fastest

In 2025, the Logistics & Transportation segment maintained its dominant position in the Used Truck Market, accounting for 34.24% of total revenue. This domination is backed up by the presence of extensive freight transport movements, growth in e-commerce and last mile deliveries, and an increasing emphasis on fleet expansion plans at affordable costs. Many logistics companies are now focusing on purchasing second-hand commercial trucks for effective capital utilization while maintaining high operational efficiency. Increased logistics activities and repeated fleet turnover are also contributing to the segment’s dominant position.

From 2026 to 2035, the Mining & Quarrying segment is projected to record the highest CAGR.

Used Truck Market Regional Analysis:

North America Used Truck Market Insights

North America boasts of a highly developed system for freight logistics, high-level fleet replacements, and solid organized resale framework. The continent’s advantage lies in the existence of major logistics players, sophisticated commercial vehicle financing structures, and the popularity of OEM certified pre-owned trucks programs in industries like logistics, construction, retail logistics, and manufacturing. The market dominance in North America can be largely attributed to the US market; wherein fleet operators increasingly rely on pre-owned vehicles in order to maximize capital efficiency and fleet usage.

Additionally, recent developments such as Ritchie Bros. reporting continued growth in digital auction participation and fleet asset remarketing activity, along with Daimler Truck strengthening SelecTrucks certified pre-owned operations with expanded vehicle inspection and warranty programs, are reinforcing competitive intensity across the North American used truck ecosystem.

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Asia Pacific Used Truck Market Insights

The Asia Pacific region is dominating the market and accounting for 47.31% market share in 2025 and it is also  projected to register the highest CAGR of 7.05% from 2026–2035,  driven by rapid logistics expansion, infrastructure development, and increasing penetration of organized commercial vehicle resale ecosystems across emerging economies. Countries such as China, India, Japan, South Korea, and Southeast Asian economies are leading demand, supported by rapid industrialization, growth in freight transportation activity, and increasing SME fleet ownership. China and India, in particular, continue to serve as major growth engines due to rising e-commerce logistics activity and increasing adoption of cost-efficient fleet expansion strategies.

Major commercial vehicle OEMs expanded certified used truck programs and digital resale platforms across Asia to strengthen secondary vehicle market accessibility. In addition, leading logistics operators and fleet owners accelerated investments in telematics-enabled fleet lifecycle management solutions to improve vehicle tracking and resale optimization.

In addition, increasing investments in road infrastructure, warehousing networks, and integrated logistics corridors are strengthening Asia Pacific’s position as the fastest-growing Used Truck Market globally.

Europe Used Truck Market Insights

Europe remains an important player in the global Used Truck Market due to its advanced transport network, strict environmental laws, and developed system of resale through organizations. Nations like Germany, UK, France, Italy, and Nordic countries are among the frontrunners in regional demand, mainly for used trucks that are certified for commercial purposes. European fleets are becoming more interested in optimizing their fleet life cycle management while meeting sustainable transport norms.

TRATON's MAN TopUsed and Volvo Used Trucks expanded certified inspection and vehicle history programs across European markets to improve transparency and residual value performance. European fleet operators also accelerated replacement cycles for older diesel fleets following stricter low-emission transportation initiatives across key countries.

Latin America, Middle East & Africa (LAMEA) Used Truck Market Insights

There has been a consistent rise in the Used Truck Market in LAMEA, which has been due to an increase in cargo transportation requirements, infrastructure development, and growing industrialization. Some important nations contributing largely towards the demand in the region include Brazil, Mexico, UAE, Saudi Arabia, and South Africa.

In the Middle East, UAE-based logistics operators expanded commercial fleet modernization initiatives to support regional trade corridor expansion and warehousing growth. In Latin America, Brazilian fleet operators increased participation in organized truck auctions and structured resale programs to improve asset utilization and fleet rotation efficiency.

Additionally, increasing partnerships between fleet operators, digital truck marketplaces, and financing providers are improving market accessibility and accelerating organized used truck ecosystem development across emerging economies.

Used Truck Market Growth Drivers:

• Rising expansion of freight transportation networks, e-commerce logistics activity, and cost-optimized fleet procurement strategies is driving strong demand for used trucks across global commercial transportation ecosystem

The dominant structural factor affecting the Used Truck Market is the growing trend amongst fleet owners, logistics firms, and small and medium-sized enterprises towards more cost-efficient options for expanding their fleets, given the escalating prices of commercial vehicles. With the increasing need for transportation services across the globe, there has been an emphasis on minimizing capital outlay, maximizing the speed of fleet build-up, and enhancing efficiency in asset usage.

Additionally, recent developments such as RB Global’s Ritchie Bros. generating nearly CA$225 million in gross transaction value during its flagship Canadian auction event, highlighting strong commercial asset and truck remarketing activity, and SelecTrucks expanding its certified used truck footprint with new retail locations and enhanced financing and warranty offerings across North America, are accelerating organized resale ecosystem development and strengthening buyer confidence in structured used truck transactions.

Used Truck Market Restraints:

• Rising uncertainty around vehicle condition, inconsistent maintenance records, and fragmented resale ecosystems are creating operational challenges and limiting buyer confidence across used truck transactions

The main restraint in the Used Truck Market is associated with increasing concerns over vehicle reliability, lack of standardized inspection practices, and limited transparency in secondary truck transactions. As fleet operators and independent buyers increasingly rely on pre-owned commercial vehicles for cost-effective fleet expansion, they often face challenges related to inaccurate vehicle history records, hidden maintenance issues, and inconsistent refurbishment quality. This can negatively affect operational efficiency, increase maintenance expenditure, and create uncertainty regarding long-term asset performance.

Additionally, varying emissions regulations, vehicle age restrictions, and differing resale standards across regions further complicate market growth, as buyers and fleet operators must ensure compliance with local transportation requirements while maintaining profitability and fleet utilization efficiency.

Used Truck Market Opportunities:

• Expansion of certified resale networks, digital truck marketplaces, and fleet lifecycle optimization strategies is creating strong opportunities for transparent and value-driven used truck transactions across global transportation ecosystems

The primary opportunity in the Used Truck Market is the evolution of conventional truck resell processes to become more organized systems that harness technology, allowing commercial vehicles to be considered investments instead of just acquisitions. The rising need for proper vehicle history checks, consistent inspection procedures, vehicle repair processes, and financing options is driving the creation of an organized reselling system. Besides, there are significant opportunities for original equipment manufacturers (OEMs), fleets, and organized dealers due to the growing life cycle of commercial fleets.

Recent Developments:

• 2026: Daimler Truck expanded its SelecTrucks certified used truck ecosystem across North America with enhanced digital vehicle inspections, warranty-backed programs, and integrated financing services to strengthen organized resale operations and improve customer acquisition efficiency.

• 2026: Ryder System accelerated deployment of AI-enabled fleet analytics and predictive maintenance capabilities across its used vehicle lifecycle management platform, improving asset utilization and residual value optimization for commercial fleet operators.

• 2025: Ritchie Bros. strengthened its digital commercial vehicle auction ecosystem through expanded online fleet remarketing capabilities and enhanced data-driven pricing tools, supporting faster transaction cycles and broader buyer participation.

• 2025: Volvo Used Trucks enhanced connected vehicle diagnostics and telematics-based truck evaluation systems to improve vehicle condition transparency and strengthen resale value assessment across certified used truck channels.

Used Truck Market Key Players

• Daimler Truck AG (Freightliner / SelecTrucks)

• PACCAR Inc (Kenworth / Peterbilt / DAF Certified Used)

• Volvo Group (Volvo Selected / Volvo Used Trucks)

• Tata Motors Limited (Tata OK / Tata Motors Certified Pre-Owned)

• Ashok Leyland Limited (AltruX / Approved Used Vehicles)

• Ryder System Inc.

• Penske Truck Leasing Co., Inc.

• Ritchie Bros. Auctioneers

• Manheim (Cox Automotive)

• TRATON SE (Scania / MAN TopUsed)

• Navistar International (International Used Trucks Program)

• U-Haul Holding Company

• TIP Group (TIP Used Trucks)

• Ryder Used Vehicles Division

• SelecTrucks (Daimler Truck North America)

• Trucksales (Carsales Group)

• Autotrader Trucks (Cox Automotive)

• TruckPaper (Sandhills Global)

• Commercial Truck Trader

• Volvo Financial Services Used Trucks Network

Used Truck Market Report Scope: