U.S Used Heavy Equipment And Truck Market Report For July 2025

July is the month that has been bumpy for the equipment market, especially in the United States. 

All the sectors of heavy equipment, including the heavy-duty, medium-duty, and forklifts, are under pressure due to the piling up inventory and low demand in equipment.

The buyers and sellers, including the heavy equipment suppliers, are taking calculated steps to keep up with the market. Let’s get a closer look at how the market took a turn in the month of July, 2025.

Heavy-Duty equipment market has seen a drop in sales

Inventory levels for used heavy-duty construction equipment fell slightly in July, by 0.65% month on month and 7.72% year on year, indicating a continuing downward trend. Crawler excavators led the category’s inventory declines, down 1.41% from June and more than 11% from the previous year. Asking prices fell 0.31% month over month and 3.12% year over year, with wheel loaders experiencing the steepest annual drop at just over 5%. Auction values also fell, down 1.52% from June and 0.63% year-on-year, with wheel loaders leading the category declines at 1.72% month-on-month and 4.01% year-on-year.

Medium-duty equipment inventory is piling up: Sales decline

After the heavy-duty equipment market decline in sales, medium-duty equipment is also under pressure. The market is seeing a sharper decline in the month of July. 

Almost 0.9% inventory has seen a falling trend, whereas month-over-month has seen a 10% decline. 

Auction values fell 0.76% month on month but increased 2.02% year on year, with track skid steers showing the sharpest monthly decrease and mini excavators posting the largest annual increase of nearly 5%.

Forklift demand is decreasing and inventory is increasing

The used forklift market extended its six-month streak of growth, with inventory rising 6.29% month on month and nearly 35% year on year. Cushion tire forklifts accounted for the majority of this gain, increasing by 8.56% month over month and 37.37% annually. In contrast, asking prices fell 1.36% month on month and 3.29% year on year. Cushion tire forklifts fell 2.81% month over month, while pneumatic-tire forklifts fell the most year over year, by slightly more than 6%. Auction values fell for the sixth month in a row, by 1.22% month on month and 6.64% year on year.

Heavy-duty trucks prices are rising high due to more taxes

In the heavy-duty truck sector, inventory rose 1.88% from June but fell more than 17% year-on-year, with sleeper trucks experiencing the steepest annual decline at 25%.

Talking about the asking price of used heavy construction equipment, a rising 3.57% of raise has been seen. This was a year’s high value, indicating the inventory is stocking up due to the low demand of the equipment. 

Auction values followed suit, increasing by 5.99% month over month and 1.31% year over year. Sleeper trucks once again led the category, rising 6.56% month on month and 7.45% annually.

Medium-Duty truck market is under pressure

Medium-duty truck inventories fell sharply in July, down 6.17% from June, but are still up more than 9% from last year. 

Asking prices rose 2.56% month over month but are still down 4.44% year on year, extending an 11-month decline. Cab and chassis trucks saw the highest monthly price increases, while reefer box trucks experienced the steepest annual price decreases. 

Auction values increased by 4.51% month over month, despite remaining down 7.16% year over year, with cab and chassis trucks showing the largest monthly gains of more than 17%.

What does the market define by contrasts

The July data highlight the complexities of today’s equipment and truck markets. Certain categories, such as forklifts and telehandlers, are becoming more readily available, whereas others, such as excavators and mini excavators, remain in short supply. This divergence is reflected in asking values and auction prices, with some markets firming up while others declining. For buyers, this means that opportunities are emerging in specific categories where values have softened. Understanding where inventory is tightening and where demand is rising remains critical for sellers navigating a volatile market.

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