North America Used Truck Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers North America Used Truck Market Outlook and the market is Segmented by Vehicle Type (Light-duty Truck, Medium-duty Truck, and Heavy-duty Truck) and Geography (United States, Canada, and Rest of North America). The market size and forecasts are provided in terms of value (USD billion) for all the above segments.

North America Used Truck Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

North America Used Trucks Market Size

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North America Used Truck Market Outlook
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 4.00 %
Market Concentration Medium

Major Players

North America Used Truck Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North America Used Trucks Market Analysis

The North America Used Truck Market is expected to register a CAGR of greater than 4% during the forecast period.

With COVID-19 stopping every transport worldwide, the impact on the market was high in the first few months of the pandemic. As soon restrictions were eased, companies in the region witnessed a huge influx of customers looking for affordable used trucks. As auto plants were shut and consumers were more cautious about spending on new trucks, in the last few months, companies recorded more sales of used trucks.

The North America used truck market is expected to witness healthy growth during the forecast period, with the implementation of Green House Gas's phase 2.

The growth in construction activities and increasing demand for e-commerce in the region have increased the demand for trucks, both old and new, in the past few years. Further, the North America Free Trade Agreement has given the necessary impetus for the easy movement of goods in the region, thereby helping the growth of the market.

Newer trucks are now being equipped with advanced features like automatic transmission with more cabin comfort, which is driving the users to go for new trucks instead of purchasing old trucks without these features. This is hindering the market growth currently.

North America Used Trucks Industry Overview

Some of the prominent players in the market are Paccar Inc. (Kenworth Used Trucks, Peterbilt, and Mack Trucks), Gordon Truck Centers Inc. (Freightliner Northwest), Volvo AB Class B, Ford Motor Company, and General Motors Company, among others. The market is majorly controlled by retail dealerships, with about 75% of the share in the distribution channels. It offers better sales and service support compared to other channels.

Truck manufacturers are focusing on developing innovative powertrain technologies for enhancing the overall fuel efficiency and lifecycle of trucks. This, in turn, increases the operational age of the trucks, which will increase the inventory of used trucks over the years. Though there is an increase in mileage of the used trucks aging 2-4 years, the efforts by truck manufacturers to increase the lifecycle of trucks means that the existing inventory of used trucks will have healthier mechanical health, which will influence the purchasing decisions of the truck fleet operators to go for these trucks.

North America Used Trucks Market Leaders

  1. Paccar Inc

  2. Gordon Truck Centers, Inc

  3. Volvo AB Class B

  4. Ford Motor Company

  5. General Motors Company

  6. *Disclaimer: Major Players sorted in no particular order
Paccar Inc. (Kenworth Used Trucks, Peterbilt, and Mack Trucks), Gordon Truck Centers Inc. (Freightliner Northwest), Volvo AB Class B, Ford Motor Company, and General Motors Company
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North America Used Trucks Market News

In March 2021, Gordon Truck Centers announced the acquisition of Western Idaho Freightliner and Western Star of Nampa, Idaho. After the acquisition, GTC operates fourteen stores across Washington, Oregon, Idaho, and Hawaii doing business as Freightliner Northwest, Western Star Northwest, and Freightliner of Hawaii. 12 of GTC's 14 stores are dual branded as Freightliner and Western Star Northwest.

In February 2021, Ryder System Inc. introduced its updated Fleet Buy-Out Program that allows customers to trade their fleets and then lease new trucks through Ryder's leasing program. The company will purchase used commercial vehicles in a one-for-one leasing exchange with competitive offers and a guaranteed sale.

North America Used Trucks Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Vehicle Type
    • 5.1.1 Light-duty Truck
    • 5.1.2 Medium-duty Truck
    • 5.1.3 Heavy-duty Truck
  • 5.2 Geography
    • 5.2.1 United States
    • 5.2.2 Canada
    • 5.2.3 Rest of North America

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles*
    • 6.2.1 Gordon Truck Centers Inc.
    • 6.2.2 Volvo AB Class B
    • 6.2.3 International Used Trucks
    • 6.2.4 Truckworld
    • 6.2.5 Paccar Inc.
    • 6.2.6 Ryder System Inc.
    • 6.2.7 Isuzu Motor Ltd
    • 6.2.8 General Motors Company
    • 6.2.9 Ford Motor Company
    • 6.2.10 Arrow Truck Sales Inc.

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

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North America Used Trucks Industry Segmentation

A used truck, a pre-owned truck, or a secondhand truck is a vehicle that has previously had one or more owners. The North America used truck market is segmented by vehicle type (light-duty truck, medium-duty truck, and heavy-duty truck) and geography (United States, Canada, and Rest of North America). The report offers the market size and forecasts in value (USD billion) for all the above segments.

By Vehicle Type Light-duty Truck
Medium-duty Truck
Heavy-duty Truck
Geography United States
Canada
Rest of North America
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North America Used Trucks Market Research FAQs

What is the current North America Used Truck Market size?

The North America Used Truck Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)

Who are the key players in North America Used Truck Market?

Paccar Inc, Gordon Truck Centers, Inc, Volvo AB Class B, Ford Motor Company and General Motors Company are the major companies operating in the North America Used Truck Market.

What years does this North America Used Truck Market cover?

The report covers the North America Used Truck Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Used Truck Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Used Trucks in North America Industry Report

Statistics for the 2025 North America Used Truck market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Used Truck analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.