Ryder System has planted two new flags in the used commercial vehicle business along one of the busiest freight corridors on the East Coast, relocating its Kearny used vehicle center to a larger Newark facility and opening a brand-new sales center in North Bergen. The moves give fleet operators and owner-operators across northern New Jersey more direct access to pre-owned trucks just as used Class 8 pricing climbs and new truck costs loom larger heading into 2027.
According to ROI-NJ, Ryder's new Newark used vehicle center sits at 474 Wilson Ave., putting it within reach of the Port of Newark, Interstate 95 and Newark Liberty International Airport, and it now consolidates multiple Ryder Fleet Management Solutions offerings under one roof. The Newark property itself offers up to 5.5 acres of secure, gated industrial outdoor storage designed for truck, trailer and container staging, plus a 15,000-square-foot warehouse and a 4,000-square-foot office building, according to a listing on Cityfeet. That kind of outdoor staging space is in high demand among local drayage and freight operators working the port corridor.
Ryder's second new site, at 6214 Tonnelle Ave. in North Bergen, sits along the Route 1-9 corridor and marks the company's first used vehicle sales facility located south of the George Washington Bridge along that stretch, the station's report notes. The position directly across from New York City is expected to improve access for regional delivery and drayage operators who have long had to travel farther for comparable inventory.
Why Ryder Is Betting Big on North Jersey
Eric Upchurch, vice president of vehicle sales at Ryder, framed the expansion as a response to the region's outsized importance to freight movement nationwide. “Northern New Jersey is one of the most important transportation markets in North America,” Upchurch said, per ROI-NJ coverage of the announcement. He added that the new locations “bring Ryder closer to customers, carriers and logistics operations,” strengthening the company's position in the New York-New Jersey market.
The region's density helps explain that strategy. Port Newark and the Elizabeth Marine Terminal, both part of the Port of New York and New Jersey, handled 8.89 million TEUs in 2025, keeping the port the second-busiest container gateway in the country, according to Community News. That volume of international trade and warehousing activity makes the New York-New Jersey region a critical hub connecting major East Coast ports, dense population centers and some of the busiest freight corridors in the country.
Buyers Get a Warranty as Used Truck Prices Climb
Both new locations participate in Ryder's nationwide Vehicle Assurance Program, which launched in July 2026 and offers a free 60-day limited warranty on eligible Department of Transportation-verified pre-owned commercial vehicles through the end of the year, as reported by Truck News. The program covers powertrain and comfort components in an effort to reduce unexpected maintenance costs for buyers. Every DOT-verified vehicle Ryder sells also undergoes a 140-point inspection, comes with complete single-owner maintenance records, and carries a guarantee to meet DOT safety standards within 15 days of purchase, the outlet reported in an earlier piece on the warranty rollout.
Those assurances arrive at a moment when used trucks are getting markedly more expensive. Average U.S. retail prices for used Class 8 commercial trucks rose 11.3% year-over-year in August 2026, reaching $64,367, driven by tightening pre-owned inventory even as retail sales volume dropped 24% month-over-month, according to Transport Topics. Total U.S. commercial truck sales had already fallen 13.6% in 2025 during a multi-year freight recession, pushing fleet operators toward used vehicles ahead of 2027 EPA emissions mandates expected to add up to $8,000 to the price of new heavy-duty trucks, per the National Automobile Dealers Association.
A Reliable Profit Engine Inside a Shaky Freight Market
The timing lines up with Ryder's own financial playbook. The company's used vehicle sales segment lifted Fleet Management Solutions pretax earnings by 6% in the first quarter of 2026 even as broader freight leasing and transportation revenues stayed flat, according to FreightWaves. While Ryder's core freight leasing revenues have faced market volatility, used commercial vehicle sales have provided a reliable, high-margin revenue stream for the company. Across North America, Ryder manages roughly 240,000 commercial vehicles, operates nearly 800 maintenance facilities and oversees about 320 warehouses totaling more than 100 million square feet, a scale that underpins the new North Jersey sites.
The expansion follows Ryder's broader push into logistics real estate, including a Miami warehouse deal Hoodline reported this summer near Opa-Locka Airport. Ryder is scheduled to report its third-quarter 2026 earnings and hold an executive conference call on October 22, according to a company announcement, which should offer an updated look at how the Newark and North Bergen investments are performing within the broader fleet management business.
