Early March proved to be a turning point in the truck market. A sharp rise in fuel prices changed the operating conditions for trucking companies and reduced their profitability. In this situation, it seemed that purchases of new and used trucks would be scaled back in anticipation of falling prices and rising freight rates.<\/p>\n\n\n\n
New trucks<\/p>\n\n\n\n
Looking at the statistics on monthly registrations in Poland, there is no sign of a dramatic decline yet. There are several reasons for this. For now, registrations are based on orders placed before the war in Iran began, and we will only feel the effects of the new situation in the coming months. Additionally, truck manufacturers are not expanding their production capacity quickly enough following cutbacks over the past three years, and contract lead times have lengthened significantly. For some of them, the problem is no longer demand but rather the availability of vehicles for production. In this situation, carriers are more cautious about canceling orders. The long wait also offers hope that by the time the vehicles are delivered, the conflict will have ended and fuel prices will have stabilized. The situation is therefore vastly different from that of semi-trailers, where short production times have motivated carriers to put orders on hold.<\/p>\n\n\n\n
Used trucks<\/p>\n\n\n\n
The used-vehicle market was much less affected by the turmoil in fuel prices. After a sharp decline in March, demand is recovering fairly quickly, though it remains uneven. Carriers are showing interest in older vehicles, despite their higher mileage. Lower purchase prices result in lower financing costs, which is particularly important at this time. Importers, on the other hand, have no major problems selling 2- to 3-year-old tractors, which offer a cheaper alternative to new vehicles and for which there are also longer wait times. The problem for Scania, Iveco, and Mercedes is the limited supply of used trucks due to restrictions on buy-back contracts in the past. This, in turn, keeps prices high abroad and hinders imports to Poland, which currently appears to be one of the cheapest countries in Europe for used trucks.<\/p>\n\n\n\n
Fluctuating demand and supply issues do not significantly affect market prices. The quarterly decline in the value of tractor-trailers is very limited, and the average value of a 3-year-old tractor-trailer was once again higher than a year earlier. In a stable market situation, this would indicate a recovery in demand. However, given the geopolitical situation and its impact on the transportation market, it is difficult to confirm this at this time.<\/p>\n\n\n\n
Used truck stocks<\/p>\n\n\n\n
The rapid increase in the number of listings in March was the result of a sharp drop in demand. Now the situation appears to be stabilizing, and the number of listings for used tractor-trailers is beginning to decline again. This does not mean a return to the demand levels seen at the beginning of the year, but rather an adjustment of supply to current needs. Demand for trucks is not high and is focused on a specific age range. Additionally, supply from importers\u2014who typically offer vehicles at the end of rental or lease contracts, meaning they are 2 to 4 years old\u2014is decreasing. The supply of used tractor-trailers, as measured by the number of listings, is once again significantly lower than it was a year ago.<\/p>\n\n\n\n
All rights reserved. Reproduction without approval of Expertdata Sp. z o.o. prohibited. Full analysis in Polish available for download after logging in. Download sample analysis to check the content and data (in Polish).<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":" Early March proved to be a turning point in the truck market. A sharp rise in fuel prices changed the operating conditions for trucking companies and reduced their profitability. In this situation, it seemed that purchases of new and used trucks would be scaled back in anticipation of falling prices and rising freight rates. New […]<\/p>\n","protected":false},"author":5,"featured_media":1024,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[27,13],"tags":[],"class_list":["post-2158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analyses","category-publications"],"acf":[],"yoast_head":"\n