Australia Used Truck Market Size, Share, Trends and Outlook 2025-2033

Market Overview

The Australia used truck market size reached USD 1.3 billion in 2024 and is expected to grow to USD 2.0 billion by 2033. The market is forecast to expand at a CAGR of 4.40% during the period 2025-2033. Growth is driven by cost control pressures on freight and logistics firms, rising online shopping, and a shift toward environmentally sustainable transportation.

How AI is Reshaping the Future of Australia's Used Truck Market:

• AI-powered fleet management systems optimize used truck utilization, reducing operational costs and increasing fleet efficiency for cost-sensitive small and medium enterprises.
• Government-backed programs like Australia's Driving the Nation initiative support electric vehicle transitions, where AI assists in predicting maintenance needs and optimizing electric truck routes.
• AI-driven platforms simplify used truck transactions by improving online marketplaces, enabling buyers to access detailed service histories and certified pre-owned programs for peace of mind.
• Advanced AI analytics enhance aftermarket upgrades such as emissions retrofits and telematics systems, boosting compliance with evolving regulations and customer expectations.
• AI-enabled GPS tracking and predictive maintenance are extending used truck lifespan, supporting the strong resale culture and preserving vehicle value.
• Companies like Coastal Transport Services are expanding fleets with technology-compatible trucks (e.g., UD Quon), integrating AI for logistics and warehousing efficiency.

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Market Growth Factors

Growing demand for cost-effective logistics solutions is a critical growth factor for the Australian used truck market. With mounting pressure on freight and logistics companies to control costs, used trucks emerge as a viable option over new models, especially for small and medium-sized enterprises (SMEs), which dominate Australia's construction and freight sectors. These enterprises favor lower initial investments, reduced depreciation, and immediate availability of used trucks to maintain fleet operations without extended procurement times. The vast geography and decentralized population of Australia drive the need for efficient road freight networks where maximizing total cost of ownership (TCO) is paramount. Additionally, the widespread availability of aftermarket assistance, spare parts, and financing options makes used trucks increasingly attractive to cost-conscious operators.

The growth of e-commerce and urban freight sectors significantly fuels market expansion. The increasing online shopping trends in Australia elevate demand for nimble and agile transportation solutions suitable for last-mile delivery and short-haul urban freight. Used light-duty and medium-duty trucks are favored due to their versatility and compliance with city emission regulations, offering rapid deployment and lower capital expense. Seasonal demand peaks during holidays and promotional sales additionally stimulate the short-term buying or renting of used trucks, further stabilizing market turnover. This lowers financial risks for smaller transport operators and gig economy players entering logistics, underscoring the market's adaptability and relevance.

Environmental sustainability and government incentives also propel the market's growth. Australia’s move to environmentally friendly transport includes significant funding from The Australian Renewable Energy Agency (ARENA) under the Driving the Nation program, providing $100 million for shifting heavy vehicles to electric models. Environmental regulations targeting carbon emissions and vehicle efficiency drive fleet modernization among large logistics companies, leading to turnover of recent used trucks typically fewer than five to seven years old. These trucks feature improved safety and fuel efficiency, appealing to buyers at lower prices than new vehicles. Government policies supporting vehicle recycling and second-use schemes further sustain demand by promoting reuse over premature scrappage, enhancing environmental responsibility within the used truck ecosystem.

Market Segmentation

Vehicle Type Insights:

• Light Trucks
• Medium-Duty Trucks
• Heavy-Duty Trucks

Sales Channel Insights:

• Franchised Dealer
• Independent Dealer
• Peer-to-Peer

End User Insights:

• Construction
• Oil and Gas
• Others

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

Key Players

• Coastal Transport Services
• UD Quon
• Truck Centre Western Australia
• Volvo Group Australia

Recent Development & News

• January 2025: Coastal Transport Services, under new management, announced expansion plans selecting the UD Quon truck for its growing fleet. Operating from Warnervale on the Central Coast of New South Wales, the company provides extensive logistics and warehousing solutions statewide, signaling a strategic investment in efficient fleet modernization.
• July 2025: Truck Centre Western Australia officially became a subsidiary of Volvo Group Australia, acquiring all eight current branches and service centers in Western Australia. This acquisition strengthens Volvo's presence and capability in the regional used truck market, improving service accessibility and operational capacity.
• Mid-2025: Government initiatives like the Driving the Nation program with $100 million financing are catalyzing shifts toward electric heavy vehicles while simultaneously supporting used truck market demand by promoting fleet modernization, emissions compliance, and vehicle reuse across metropolitan and regional areas.

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