Stressed logistics firms are turning to used trucks to cut costs

The used truck market has seen price hikes, with Shriram Mobility Bulletin reporting a 38% rise in the 1.5 to 2 tonne segment, 22% in 2 to 3.5, and 21% in 3.5 to 7.5 tonne. Ashutosh Pandey cites logistical stress and rising new vehicle prices. Shriram Finance notes 25-30% increases due to subdued sales, forecasting strength in the pre-owned segment.