According to new Sandhills Global market reports, inventory levels of used day cab and sleeper trucks continued to decline in July, with overall used heavy-duty truck inventory 36% lower than last year and steadily trending toward COVID-era levels. In addition to heavy- and medium-duty trucks and semi-trailers, Sandhills market reports cover used construction and farm equipment on Sandhills platforms, including TruckPaper.com, MachineryTrader.com, TractorHouse.com, and AuctionTime.com.

“OEM order boards are nearly full, and used inventory continues to leave the retail markets,” says Truck Paper Sales Manager Scott Lubischer. “All of these are very good signs for stronger retail values, and I expect the market will perform nicely for the remainder of the year and into 2027.”

U.S. Used Heavy-Duty Trucks

• Inventory levels in this market decreased 8.22% M/M and 36.03% Y/Y in July and have been trending down for eight consecutive months. Used sleeper trucks had the largest inventory changes, down 11.8% M/M and 40.32% Y/Y.

• Asking values decreased 0.88% M/M and 5.14% Y/Y and are trending down. Used day cab trucks had the largest asking value changes, down 1.37% M/M and 7.04% Y/Y.

• Auction values showed modest decreases of 1.09% M/M and 1.89% Y/Y and are trending sideways. Used sleeper trucks had the largest M/M auction value change, down 1.78%, while used day cab trucks had the largest Y/Y auction value change, down 5.23%.

U.S. Used Semi-Trailers

• Inventory levels of used semi-trailers decreased 4.75% M/M and 33.81% Y/Y in July and have been trending down for 12 consecutive months. Used refrigerated trailers had the largest inventory changes, down 18.25% M/M and 44.84% Y/Y.

• Asking values increased 0.47% M/M and 4.33% Y/Y and are trending up. Used flatbed trailers had the largest M/M asking value change, up 2.95%, while used reefer trailers had the largest Y/Y asking value change, up 7.27%.

• Auction values increased 1.45% M/M and 8.1% Y/Y and are trending up. Used dry van trailers had the largest M/M auction value change, up 4.78%, while used reefer trailers had the largest Y/Y auction value change, up 18.05%.

U.S. Used Medium-Duty Trucks

• Inventory levels of used medium-duty trucks decreased 5.46% M/M and 37.39% Y/Y in July and have been trending down for 11 months in a row.

• Asking values remained nearly flat M/M, with a 0.06% decrease, and fell 6.85% Y/Y. Asking values are trending down.

• Auction values decreased 1.06% M/M and 7.65% Y/Y and are trending down.

U.S. Used Tractors 100 Horsepower and Greater

• Inventory levels in the used high-HP tractor market decreased 2.04% M/M and 16.75% Y/Y in July and are trending down, continuing a pattern that has persisted for 14 months. Used 100-to-174-HP tractors had the largest inventory changes, down 6.65% M/M and 23.76% Y/Y.

• Asking values were stable, decreasing 0.44% M/M and 0.04% Y/Y, and are maintaining a steady trend. Used 175-to-299-HP tractors had the largest asking value changes, up 1.69% M/M and 1.85% Y/Y.

• Auction values decreased 1.55% M/M but increased 2.97% Y/Y and are trending sideways. Used 100-to-174-HP tractors had the largest M/M auction value change, down 2.27%, while used 175-to-299-HP tractors had the largest Y/Y auction value change, up 3.73%.

• The EVI spread was 33%, which is a one-percentage-point increase from June but still lower than the peak values observed in 2015.

U.S. Used Heavy-Duty Construction Equipment

• Inventory levels in this market increased 0.4% M/M but decreased 9.21% Y/Y in July and are trending sideways. Used wheel loaders had the largest inventory changes, up 1.92% M/M and down 10.55% Y/Y.

• Asking values decreased 0.3% M/M and 3.07% Y/Y and are trending down. Used wheel loaders had the largest M/M asking value change, down 1.44%, while used crawler excavators had the largest Y/Y asking value change, down 4.63%.

• Auction values decreased 0.78% M/M and 2.44% Y/Y and are trending down. Used crawler dozers had the largest M/M auction value change, down 1.35%, while used crawler excavators had the largest Y/Y auction value change, down 3.78%.

U.S. Used Medium-Duty Construction Equipment

• Inventory levels of used medium-duty construction equipment increased 1.21% M/M but decreased 13.04% Y/Y in July and are trending sideways. Used track skid steers had the largest M/M inventory change, up 2.06%, while used loader backhoes had the largest Y/Y inventory change, down 22.69%.

• Asking values increased 0.03% M/M and 0.08% Y/Y and are trending up. Used wheeled skid steers had the largest asking value changes, up 1.47% M/M and 1.37% Y/Y.

• Auction values decreased 0.08% M/M but increased 0.38% Y/Y and are trending sideways. Used wheeled skid steers had the largest auction value changes, up 0.67% M/M and 2.28% Y/Y.