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Used Equipment, Truck Inventory Levels Improve Following Protracted Decline

July 28, 2021, 07:15 AM
Filed Under: Industry News

A new Sandhills Global Market Report notes the stabilization of used construction equipment, farm machinery and heavy-duty truck inventories within Sandhills Global marketplaces in June, following steady declines since Q2 2020. After more than a year of month-over-month decreases, inventory level improvements are noted across all three markets, with late-model assets leading the increases in used construction equipment and truck inventories.

Used equipment values, meanwhile, are continuing to show year-over-year increases in multiple asset categories, according to the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions.

Sandhills Market Reports highlight the most significant changes in the used heavy-duty truck, construction equipment and farm machinery markets. The latest report shows month-over-month inventory gains in the sleeper truck, skid steer and high-horsepower (300 HP or greater) tractor categories occurring in June for the first time since early 2020.

U.S. Used Heavy-Duty Trucks

  • The Sandhills EVI for sleeper trucks shows a 70.5 percent Y/Y increase in auction values in June compared to 61.9 percent year over year in May, and a 38.1 percent Y/Y increase in asking values compared to a 25.0 percent Y/Y increase for the same period.
  • Mirroring the inventory improvements noted above for all markets, sleeper truck inventory had its first positive month-over-month variance in June since Q2 2020, driven by trucks in the 0- to 5-year age group. Within this late-model group, asking EVI continued an upward trend, with a $6,000 increase (up 55 percent Y/Y) in June compared to May.

U.S. Used Heavy-Duty Construction Equipment

  • For skid steers, the Sandhills EVI shows auction values up 12.7 percent Y/Y in June compared to 13.4 percent Y/Y in May, with asking values up 7.2 percent Y/Y vs. a 6.1 percent Y/Y improvement in May.
  • As with sleeper truck inventories, late-model assets are leading the improvements in the skid steer category. Skid steers in the 0- to 5-year age group show an 11.9 percent Y/Y increase in June, up 2 percentage points from May.

U.S. Used Agriculture Equipment

  • The Sandhills EVI for high-HP tractors logged a 10 percent Y/Y auction value increase in June, and a 4.3 percent Y/Y asking value increase, which are roughly flat compared to May values.
  • Inventory levels for high-HP tractors are up slightly month-over-month across all age groups. Tractors in the late-model age group showed a 9.9 percent Y/Y increase in June.

For more information, or to receive detailed analysis from Sandhills Global, contact

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