According to the latest Sandhills Global market reports for used construction equipment, farm machinery, trucks, and trailers on Sandhills platforms in September, inventory levels are leveling out for both heavy-duty and medium-duty construction equipment. An upward trend in inventory levels also continued for used aerial lifts, forklifts, and telehandlers.

Used heavy-duty construction equipment values are still trending down at a steady rate, and used medium-duty equipment values have begun leveling out, posting modest monthly changes in September.

Among used farm equipment categories, inventory levels of tractors, combines, and compact and utility tractors are trending down, while sprayer and planter inventory levels are trending sideways. Asking and auction values were up in September for used planters, with mixed results in other categories. For example, used combine harvester values rose month over month, with asking prices trending down and auction values trending sideways.

Decreases in inventory levels, asking prices, and values continued in September for used heavy-duty trucks, medium-duty trucks, and semi-trailers. The sharpest inventory level decreases occurred in the used day cab category (M/M) and the used sleeper truck category (year over year).

The key metric in all of Sandhills’ market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in the Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions. The Sandhills EVI data include equipment available in auction and retail markets and model-year equipment actively in use. EVI spread measures the percentage difference between asking and auction values.

Market Report Details

Sandhills market reports highlight the most significant changes in Sandhills’ used heavy-duty truck, semi-trailer, farm machinery, and construction equipment markets. Key points from the current reports are listed below. Full reports are available upon request.

U.S. Used Heavy-Duty Construction Equipment

• Inventory levels in this market decreased by 1.72% M/M and 11.04% YOY and are trending downward. The used dozer category had the largest M/M inventory level decrease in September, down 2.33%, while used crawler excavators had the largest YOY decline, down 13.78%.

• Asking values decreased by 1.22% M/M and 2.75% YOY in September and are trending downward. Used crawler excavators led in monthly declines, with asking prices down 2.87% M/M. Used wheel loaders posted the largest YOY asking price decrease at 5.63%.

• Auction values dipped 0.48% M/M and rose 1.21% YOY in September and are trending downward. Used wheel loaders led other categories in monthly auction value decreases, down 2.51%, while used dozers showed a noteworthy YOY increase at 3.02%.

U.S. Used Medium-Duty Construction Equipment

• Inventory levels in this market increased 1.86% M/M in September but decreased 8.31% YOY and are trending down. The used mini excavator category exhibited the largest M/M inventory increase at 4.7%, while used loader backhoes led other categories in YOY inventory decreases with a 19.73% drop.

• Asking values decreased by 1.06% M/M and 0.91% YOY and are trending sideways. Used loader backhoe asking prices decreased by 1.69% M/M, more than other categories, while used track skid steers led in YOY asking value decreases at 3.56%.

• Auction values in this market are also trending sideways. Auction values were down 1.78% M/M but up 1.52% YOY in September. The used loader backhoe category had the largest M/M auction value decrease at 3.06% and the largest YOY auction value increase at 1.99%.

U.S. Aerial Lifts

• Inventory levels of used aerial lifts are trending upward despite a 1.03% M/M decrease in September. Inventory levels showed a modest 0.92% YOY increase. Used slab scissor lifts had the largest M/M inventory level decrease at 1.51%, while used rough terrain scissor lifts increased the most YOY at 18.73%.

• Asking values continued a 7-month-long downward trend with decreases of 1.66% M/M and 8.73% YOY in September. Used telescopic boom lift asking prices decreased the most, with a 3.78% drop. Used slab scissor lifts showed the largest YOY asking price decrease, falling 12.75%.

• Auction values are also trending downward. Auction values dropped 5.18% M/M and 11.06% YOY in September. Used telescopic boom lifts had the largest auction value decreases, down 9.57% M/M and 17.24% YOY.

The remainder of the report can be found at https://www.sandhills.com/.