On Tuesday, Work Truck Solutions released its second quarter ComTrend Analysis of new and used commercial vehicles.

Although there are still many supply chain challenges in the industry, Work Truck Solutions noted certain positives for operators who need these workhorses.

Looking at the used market, Work Truck Solutions reported the median mileage for used vehicles sold was up again, although only slightly, in the second quarter. But when comparing the numbers to the same quarter in 2021, the company said the jump was almost 30%, indicating interest in used work trucks and vans remains strong.

Work Truck Solutions pointed out that further indications of strong demand for used commercial vehicles was demonstrated by another jump in the average price, which went up by more than $2,000 from the prior quarter.

When compared to the same quarter in 2021, the increase was much more significant, coming in at almost a 27% increase, according to Work Truck Solutions.

Meanwhile, Work Truck Solutions’ data shows the average price of new commercial vehicles dropped slightly, by just over 1%, when compared to prices for Q1 2022.

Work Truck Solutions acknowledged this movement would seem to be good news for commercial buyers. However, when comparing new work truck prices to year-over-year numbers from the same quarter in 2021, they were still up more than 9%.

Additionally, Work Truck Solutions noted that web leads for new commercial vehicles showed a spike as Q1 2022 ended, but the numbers “normalized” shortly thereafter leading into the second quarter.

And finally, Work Truck Solutions mentioned stocking levels for new commercial vehicles were up by more than two units per dealer during the most recent quarter when compared to the first quarter of 2022, suggesting that a little relief may be in sight, for both dealers and business buyers alike.  

“The second quarter shows the continued demand for both new and used commercial vehicles,” Work Truck Solutions chief executive officer Kathryn Schifferle said in a news release.

“Given that these work trucks and vans fuel so many businesses throughout the entire economy, it makes sense that shoppers for these vehicles continue to search for and purchase them,” Schifferle continued.

“Reading between the lines, the statistics also indicate that dealerships continue to have significant opportunities in this market, especially those who stay at the forefront of keeping in touch with customers and potential buyers — those are the ones who will be well positioned going forward,” she went on to say.