Market Share of North America Used Truck Industry
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
Paccar Inc
Gordon Truck Centers, Inc
Volvo AB Class B
Ford Motor Company
General Motors Company
*Disclaimer: Major Players sorted in no particular order
