Economic Conditions - Used Heavy Trucks on the Export Market
An Internet survey conducted by the staff of TruckerToTrucker has provided some insight into the quietly increasing sales of used heavy and medium duty trucks to overseas markets. Several reports in recent months seem to indicate that the weak dollar has spurred the increase as overseas buyers can reap lower prices from the already discounted price of used trucks. The lower costs more than offset the transportation delivery expenses according to a number of anecdotal reports. The survey was initiated because an up-tick in international visitors to the web site was noted and piqued the curiosity of the staff.
TruckerToTrucker is proud of our visibility and reach throughout the US marketplace as well as world markets. While used truck purchases are not accurately tracked in markets like new truck sales, it makes sense that the high cost of fuel combined with the weak dollar might spur the interest in quality used vehicles to save investment costs. While difficult to track, the available information seems to suggest that markets in Eastern Europe and Russia as well as India are becoming considerably more active. Quality used dump trucks as well as other class 8 cabs and a wide variety of semi-trailers seem to be in demand as these economies become more developed and construction projects are undertaken.
Meanwhile the US is experiencing a downturn in the trucking industry as can be seen by the recent closing of Jevic Transportation which reportedly was in the Transport Topics top 100. This places increased pressure on used truck sellers which can only be offset by a visible presence in the marketplace.
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