Truck prices rise 5% MoM in April
Number of commercial trucks, trailers on market dips 0.2% MoM
The number of commercial trucks available for sale dropped in April as prices for new and used trucks also picked up.
Equipment Finance News’ Index of Commercial Trucks and Trailers Available for Sale and Lease, which is updated daily, landed at 96.7 today, down 0.2% month over month. The interactive index is based on data collected by EFN since November 2024 and is designed to serve as a reference point for supply trends.
Meanwhile, new and used commercial prices increased over the month of April while prices for certified pre-owned declined, according to EFN’s new Average Pricing of Commercial Trucks and Trailers by Condition dataset. The interactive data also goes back to November 2024 and identifies pricing trends in the trucking industry. It is also updated daily.
Average Pricing of Commercial Trucks & Trailers by Condition
New commercial truck prices reached $121,600 as of April 30, up 5.1% MoM. Meanwhile, used-truck prices rose 4.8% MoM to $66,200, while certified pre-owned prices fell 3.7% MoM to $85,000.
The increase in new- and used-truck prices comes as tariffs continue to limit the upside of the North American transportation market, Paccar CEO Preston Freight said during the company’s April 29 earnings call.
“The North American truck market is being affected by uncertain economic conditions and the overall impact of new tariffs,” he said. “We estimate this year’s U.S. and Canadian Class 8 market to be in a range of 235,000 to 265,000 trucks.”
The new-vehicle side also continues to face challenges, IronAdvisor Director of Research Jarrett Harris told EFN.
“On the new truck side, it’s been challenging, and probably is getting more challenging in terms of actually securing financing,” he said. “A lot of the financial institutions, when you saw the post-COVID boom, they got maybe a little bit overextended there, and then when the bill came due, like things were very challenging, so I think there’s still a heightened sensitivity.
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