MENU
SEARCHWith new inventory levels still only 46.3% of what they were in 2019, used vehicles continued to help fill the demand, as evidenced by the rise in used on-lot inventory per dealer, up 125.4% year-over-year.
Average used-vehicle prices continued a modest decline, down 1.7% quarter-over-quarter and 4.3% year-over-year.
Source: Work Truck Solutions/Work Truck
Work Truck Solutions released its first-quarter 2023 Commercial Vehicle Market Analysis. According to the report, the slow but steady increase of inventory available from OEMs is affecting commercial vehicle sales in predictable ways.
Work Truck Solutions noted that, with Ford leading the charge among OEMs, new on-lot inventory per dealer continued to grow, up 0.8% quarter-over-quarter and 46.4% year-over-year.
But, the report noted that with new inventory levels still only 46.3% of what they were in 2019, used vehicles continued to help fill the demand, as evidenced by the rise in used on-lot inventory per dealer, up 125.4% year-over-year.
According to the recent study from Work Truck Solutions, average used-vehicle prices continued a modest decline, down 1.7% quarter-over-quarter and 4.3% year-over-year.
Continuing the trend seen since the second quarter of 2022, new work trucks and vans still carry a significant price tag with prices increasing 2.4% quarter-over-quarter and 4.1% year-over-year.
Within new vehicle averages, Empty Cargo Vans by themselves showed no signs of stagnation with prices rising:
5.0% quarter-over-quarter and 5.8% year-over-year for light-duty work vans.
1.6% quarter-over-quarter and 7.8% year-over-year for medium-duty vans.
The prices of Service Trucks also continued their upward trend with:
Light duty is up 1.9% quarter-over-quarter, and 6.9% year-over-year,
Medium duty is up 1.5% quarter-over-quarter and 6% year-over-year.
The median mileage of used work trucks and vans maintained its upward arc, with increases of 6.3% quarter-over-quarter and 11.6% year-over-year.
There is a slight increase in days-to-turn that shows both new and used inventory staying on dealer lots longer, a trend we’ll keep a close eye on in the coming months.
Source: Work Truck Solutions/Work Truck
Although the combination of higher mileage and more available new vehicles is influencing decreased used-vehicle prices, Work Truck Solutions noted that unmet demand is slowing that decrease.
A slight increase in days-to-turn shows both new and used inventory staying on dealer lots longer, a trend Work Truck Solutions noted it will keep a close eye on in the coming months.
“An interesting note in this data is that even with higher new-vehicle prices, searches for new trucks and vans remained strong, demonstrating that customers are still dependent on replacing and adding vehicles for their businesses,” said Aaron Johnson, CEO of Work Truck Solutions. “On the other side of the equation is an uncertain economy, inflation, and rising interest rates. Taking all of this information in aggregate means the commercial vehicle industry is likely moving into not only a more competitive phase. Plus, savvy dealerships will need to utilize data-driven insights to position themselves as business partners rather than mere vendors.”
From tire kickers and door slammers to the hundredth “what engine’s in this thing” question, life on the show floor isn’t exactly easy. In this mockumentary-style video, we flip the script and give you the POV of an Isuzu truck sitting front and center at the booth.
Read More →
Mack Trucks will now offer the Mack ImpactShield, a windshield made with Corning Fusion5 Glass, as standard equipment on the all-new Mack Granite vocational trucks starting later this year.
Read More →
Although International will end production of its CV Series in September, dealers will continue to support the Class 4-6 work truck, and International sees the MV Series filling the niche needs of fleets that have depended on the CV.
Read More →
Acela Truck Company is replacing its Monterra with the new Monterra II, which it recently debuted. The new truck will be offered in day cab, extended cab, and crew cab configurations, along with 4x4 and 6x6 drivetrain options.
Read More →
This is the final week to register to be part of the Star Nation Experience, a Western Star event that celebrates professional drivers, their skills, and their expertise. It is an all-expenses-paid event built around competition, camaraderie, and the “Never Back Down” spirit that defines the Western Star community.
Read More →
Freightliner MT chassis walkthrough from Work Truck Week 2026, featuring real-world applications, mobile workspaces, and fleet-ready configurations.
Read More →
Check out Isuzu Commercial Truck of America’s latest trucks as Brian Tabel, assistant vice president of marketing, gives us the tour and provides an update on new features and special upfits.
Read More →
Let’s take a look at the latest service bodies from Reading Truck, the RHD-46 and the RHD-67. Plus, in this video, you will learn about the new Combo Body.
Read More →
Take a look at Kenworth’s T880S Performance Hood and hear its advantages from Alex Reid, Kenworth’s vocational marketing manager. He also provides a short overview of the other members of the T880 lineup.
Read More →
Work Truck checks out the Kenworth T480, a workhorse of Kenworth’s vocational lineup. This video tour digs into the details of a Class 8 T480 equipped as a water truck.
Read More →
