Used Trucks 2023 review: Paul Young, PACCAR Financial Europe

George Barrow
January 9, 2024

 

Commercialmotor.com catches up with Paul Young, Regional Asset Manager UK & Ireland Export – PACCAR Financial Europe to find out how the used truck market reacted in 2023.

How has the used truck market been in 2023?

Ultimately, it has been subdued with a noticeable decline in construction-related equipment sales. Prices have fallen on older four-year+ examples back to pre-pandemic levels.

 

What have been the challenges in the used truck market this year?

With enquiry levels well down, and a significant increase in fleet tractor returns, prices have come under extreme pressure with only the cleanest low-mileage examples performing at satisfactory levels.

 

Have there been any welcome/unwelcome surprises?

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