Using the Internet to Buy or Sell Heavy Trucks

The market for used heavy trucks has shifted to Mexico, Europe and Asia. Russian companies are importing used heavy trucks at significant levels and are joined by countries in Asia such as South Korea and Vietnam as well as Mexico.

The Internet is the source of information for these potential purchasers of used heavy trucks. The trucking industry is reeling from the effects of high diesel fuel costs and the reality is that many businesses are leaving the industry. Well over a 1000 failed businesses is the likely number so far this year and the prospects are dim through the remainder of 2008. Small owner-operator businesses are the most hard hit and businesses with 5 or fewer trucks are not normally included in industry statistics. These small business are placing their used heavy trucks on the sales bloc.

The result is that there are many used heavy trucks on the market. Those that have the financial ability are taking advantage of the opportunity to purchase used heavy trucks. Those selling used heavy trucks are having a hard time as the glut forces price down. Advertising used heavy trucks via print media, the long standing standard of the industry does not have the "reach" of Internet based advertising.

Detailed descriptions, photographs, and other salient information can often not be included, as there is limited space available. Enter the Internet, where detailed descriptions, photographs, financing opportunities and a host of other salient information is at the fingertips of a potential purchaser ANYWHERE IN THE WORLD.

The market for used heavy trucks while dampened in the US, is flourishing overseas. Europe and Asia are prime markets for used heavy trucks from the US. The vehicle that was plying the highways of the United States a few months ago is now operating in Russia, throughout Europe and on the roads in a number of Asian countries. The devalued dollar is adding fuel to this growing used heavy truck market. As many as 6-10,000 used heavy trucks were exported in 2007 and the numbers are expected to increase significantly in 2008. See other story here.