Global Used Trucks Market 2018-2022
About this market
The influx of newer models and automotive technology improvements are driving truck owners to sell existing vehicles and buy advanced models. This buying cycle among consumers has led to a steady surge in the supply of used trucks. Reduced prices of used trucks and their increased operational quality are expected to increase demand from numerous customer segments during the forecast period. Truck buyers take a keen interest on the scope of the resale value of their vehicles. This prompts them to install various aftermarket fitments to increase the intrinsic value of vehicles. Therefore, value proposition of used trucks will drive the used trucks market growth during the forecast period.
Comprehensive quality checking systems deployed by used trucks dealers
The used truck dealers maintain a strict quality checking system. Therefore, used truck dealers have a wide supply range of quality vehicles that have passed their comprehensive testing systems.
Lowering resale value of used trucks
The older model trucks don’t have such aerodynamic features, which drastically lower their resale value. Therefore, lower resale values of used trucks pose a major challenge for used truck dealers and lead to the accumulation of stock.
For the detailed list of factors that will drive and challenge the growth of the used trucks market during the 2018-2022, view our report.
The market appears to be fragmented owing to the presence of several established and regional vendors. The value proposition of used trucks has a direct impact on the market which has provided a new growth opportunity among the vendors. This has also raised the level of competition in this fragmented market will further intensify in the coming years. This used trucks industry analysis report will help clients in identifying new growth opportunities and designing new growth strategies, in light of the competition available in this domain.