ACV online auto auctions have a selection of quality used trucks for auction.
As a car dealer deciding what used trucks to buy, you’ll need to stay on top of a few key trends and demographics. These will empower you to source quality used auction trucks that you can sell to your customer base.
Trends in Used Trucks
The truck industry is as variable as its buyers. The traditional pickup truck was big and not too fancy, but buyers are starting to want more. Expect to see more luxurious features, electric options, and compact trucks in the coming years. Watch for auction trucks that embody these trends at used truck auctions.
Luxury Trucks
While the concept of luxury trucks may seem like an oxymoron, it’s the next step in the truck industry. Who says you can’t have a powerful working vehicle with luxurious features? The addition of premium materials, heated and massaging seats, and more technology are changing the way people see trucks. Trucks are starting to have even more trim options to give buyers a smoother, more luxurious ride.
Electric Trucks
Trucks have been the slowest vehicle type to expand into the electric vehicle market. Only a few electric pickup trucks hit the market in 2022, including the GMC Hummer and Ford F-150 Lightning. However, more electric trucks are projected to be released in the coming years. Between high fuel prices and the popularity of other electric vehicles, electric trucks are already in high demand.
Compact Trucks
Car buyers are starting to consider compact trucks over crossovers. Small trucks empower owners to tackle more DIY projects, which appeals to Millennials. Compact trucks can beat crossovers in space and power, while beating larger trucks in gas mileage and price. They are the perfect vehicle for an urban car buyer who wants more power. Truly, the best of both worlds.
Demographic and Regional Popularity
So who's buying trucks?
On average, truck buyers are millennial men, but women comprise 46 percent of pickup truck buyers. And there’s a solid number of people who buy trucks in each age demographic.1
Wyoming / Montana / North Dakota / Idaho / Alaska
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Best Selling Truck Models
Because used trucks can be a big investment, dealerships should stay on top of bestsellers. Knowing what car buyers want in a truck and which trucks consistently sell will help you stock smart. ACV work truck auctions offer high-quality and powerful trucks from all your favorite brands. With ACV, you can buy auction cars online.