We take a look back at the used trailer market with a chat with Glenn Bagnall, national used trailer sales manager at Schmitz Cargobull UK & Ireland
How has the used trailer market been in 2023?
In the wake of Covid, the used trailer market showed further signs of a revival over the last couple of years. The Schmitz Used Trailer Sales operation offers a variety of excellent options for UK transport and logistics operators as well as companies working in Europe, enhancing our reputation as the go-to manufacturer for second-hand trailers.
What have been the challenges in the used trailer market this year?
After a year characterised by high pricing in the used trailer market, the challenges have come as prices have stabilised. It’s been a tricky balance between not overvaluing and being left with overpriced stock, or undervaluing and missing out on a deal.
Have there been any welcome/unwelcome surprises?
Nothing in particular has stood out. But the continuing economic challenges for many hauliers is noticeable and probably the most unwelcome issue.
What has happened to prices?
Pricing has dropped and returned to the ‘average’ of a few years ago. Having good stock of various trailers has helped Schmitz Cargobull to maintain steady turnover. Whilst the appetite for curtainsiders has dropped, we have seen an uptick in business for other types of trailers such as reefers. We pride ourselves on offering immaculately turned-out stock, which ensures high demand and repeat custom.
What can we expect from the used trailer market in 2024?
The overall transport market has suffered since the interest rate rises. We are hoping that a reduction in interest rates will spark growth in sales in 2024. Despite the challenges, our commitment to offering high levels of customer service will not waver. We will continue to offer quality used trailers at competitive prices to help to reduce running costs for hauliers and their customers.
