Top Used Truck Companies

Global Used Truck Market size was valued at USD 50.14 Billion in 2024 and is poised to grow from USD 54.1 Billion in 2025 to USD 99.4 Billion by 2033, growing at a CAGR of 7.9% during the forecast period (2026–2033). 

The existence of sizable, well-known significant players and a largely consolidated market are characteristics of the worldwide market. The market's leading companies are concentrating on the introduction of new products and geographic expansion. In order to introduce improved truck models with more functionality and optimal performance, key manufacturers are also concentrating on research and development operations. 'Daimler AG (Germany) ', 'Volvo Group (Sweden) ', 'PACCAR Inc. (United States) ', 'Navistar International Corporation (United States) ', 'Scania AB (Sweden) ', 'MAN SE (Germany) ', 'Hino Motors, Ltd. (Japan) ', 'Isuzu Motors Limited (Japan) ', 'Tata Motors Limited (India) ', 'Ashok Leyland (India) ', 'Ford Motor Company (United States) ', 'General Motors Company (United States) ', 'Iveco S.p.A. (Italy) ', 'Mitsubishi Fuso Truck and Bus Corporation (Japan) ', 'UD Trucks Corporation (Japan) ', 'Dongfeng Motor Corporation (China) ', 'FAW Group Corporation (China) ', 'Sinotruk (Hong Kong) Limited (China) ', 'BYD Company Limited (China) ', 'Mahindra & Mahindra Ltd. (India)'

The used truck market offers a wide range of options in terms of vehicle types, brands, sizes, and configurations. This diversity in inventory allows buyers to find trucks that suit their specific requirements, enabling businesses to choose the right vehicle for their operations without necessarily having to purchase new trucks.

Preference for Late-Model Trucks: Buyers are showing a preference for late-model used trucks. These trucks typically have newer features, improved fuel efficiency, advanced safety technologies, and lower mileage. Late-model trucks offer a balance between affordability and modern features, attracting buyers who seek reliable and technologically advanced vehicles without the premium cost of brand-new models.

North America will continue to dominate the global market in the future years. One of the main trends driving the market expansion is the high reliance on heavy vehicle transport systems for moving goods from the point of production and consumption and suppliers to the market. In terms of overall transportation energy consumption, heavy-duty (HD) vehicles play a significant role. According to the Energy Information Association's (EIA) Annual Energy Outlook (AEO), HD trucks use around 20% of the gasoline used for transportation in the United States, and by 2050, this percentage is predicted to rise to almost 30%. However, the average cost of HD trucks is between USD 30,000 and USD 40,000, which is out of reach for many small businesses. This forces the businesses to move to secondhand trucks in order to save operating expenses and boost profit margins.