Commercialmotor.com speaks with Torsten Schreck, TopUsed director at MAN Truck & Bus UK, to find out how the used truck market reacted in 2023.
How has the used truck market been in 2023?
2023 had been a year full of contrast for the domestic Used Truck Business in the UK.
The first half of the year was still characterised by low stock levels and high market price values, very much like it was in 2022. After the summer break, the number of intakes for OEMs increased due to the better availability of new vehicles. And higher stock levels with constant demand led to price drops and a normalisation of market prices.
What have been the challenges in the used truck market this year?
Firstly, due to the higher availability of used trucks in the market, the brand competition got more intense. Secondly, the capacity of in-service workshops and external third-party suppliers got back to normal, just because of the pure volume in the market. This led to slightly longer lead times to prepare a vehicle for retail.