New Sandhills Global market reports show continued inventory decreases for used heavy-duty construction equipment on MachineryTrader.com and other Sandhills platforms. Used crawler dozers and wheel loaders account for the most significant August inventory decreases month over month and year over year, respectively. Although asking and auction values are trending down in this market, there were marginal M/M upticks in August. While equipment dealers are reporting slower sales activity and more cautious buyers, rental demand remains strong.

Inventory levels of used tractors, combine harvesters, heavy- and medium-duty trucks, and semi-trailers are also trending down. Sandhills observed M/M value increases in several used farm equipment markets and among used trucks and semi-trailers in August.

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.

U.S. Used Heavy-Duty Construction Equipment

• Inventory levels in this market fell 2.56% M/M and 10.45% Y/Y in August and are trending down. Used crawler dozers had the largest M/M inventory change, down 3.78%, while used wheel loaders had the largest Y/Y inventory change, down 11.94%.

• Asking values showed a slight increase of 0.52% M/M but decreased 1.55% Y/Y and are trending down. Used crawler dozers had the largest M/M asking value change, up 0.53%, while used crawler excavators had the largest Y/Y asking value change, down 3.58%.

• Auction values remained almost flat in August, increasing 0.31% M/M, but decreased 1.29% Y/Y and are trending down. Used wheel loaders had the largest M/M auction value change, up 1.01%, while used crawler excavators had the largest Y/Y auction value change, down 2.6%.

U.S. Used Medium-Duty Construction Equipment

• Inventory levels of used medium-duty construction equipment increased 0.71% M/M in August but dropped 11.41% Y/Y and are trending sideways. Used loader backhoes had the largest inventory changes, down 2.63% M/M and 23.52% Y/Y.

• Asking values decreased 0.74% M/M and 0.22% Y/Y and are trending sideways. Used mini excavators had the largest M/M asking value change, down 1.05%, while used track skid steers had the largest Y/Y asking value change, down 1.19%.

• Auction values decreased 0.77% M/M but showed a marginal increase of 0.07% Y/Y and are trending down. Used track skid steers had the largest M/M auction value change, down 2.04%, while used loader backhoes had the largest Y/Y auction value change, up 2.65%.

U.S. Used Forklifts

• Used forklift inventory levels increased 1.98% M/M and jumped 13.94% Y/Y in August and are trending up. Used cushion-tire forklifts had the largest inventory changes, up 2.86% M/M and 16.78% Y/Y.

• Asking values increased 1.46% M/M but decreased 0.98% Y/Y and are trending sideways. Used pneumatic-tire forklifts had the largest M/M asking value change, up 2.18%, while used cushion-tire forklifts had the largest Y/Y asking value change, down 5.09%.

• Auction values were down 0.46% M/M and 2.5% Y/Y and are trending sideways. Used cushion-tire forklifts had the largest auction value changes, down 2.59% M/M and 8.86% Y/Y.

U.S. Used Tractors 100 Horsepower and Greater

• Inventory levels in the used high-HP tractor market decreased 0.96% M/M in August and were 15.49% lower than last year. Inventory levels in this market are trending down, continuing a pattern that has persisted for several months. Used 175-to-299-HP tractors had the largest M/M inventory change, down 1.73%, while used 100-to-174-HP tractors had the largest Y/Y inventory change, down 20.43%.

• Asking values increased 0.79% M/M, remained nearly flat Y/Y with a 0.09% decrease, and are trending up. Used 100-to-174-HP tractors had the largest M/M asking value change, up 1.15%, while used 175-to-299-HP tractors had the largest Y/Y asking value change, up 1.51%.

• Auction values increased 2.3% M/M and 4.45% Y/Y and are trending up. Used 175-to-299-HP tractors had the largest auction value changes, up 3.54% M/M and 5.97% Y/Y.

• The EVI spread, which measures the percentage difference between asking and auction values, was 31% in August, a two-percentage-point decrease from 33% in July.

U.S. Used Heavy-Duty Trucks

• Inventory levels of used day cab and sleeper trucks decreased 6.16% M/M and 37.7% Y/Y in August and have been trending down for nine consecutive months. Used day cab trucks had the largest M/M inventory change, down 7.15%, while used sleeper trucks had the largest Y/Y inventory change, down 42.3%.

• Asking values increased 2.99% M/M but decreased 2.2% Y/Y and are trending down. Used day cab trucks had the largest asking value changes, up 3.08% M/M and down 3.7% Y/Y.

• Auction values rose 4.91% M/M and 3.03% Y/Y and are trending up. Used sleeper trucks had the largest auction value changes, up 5.7% M/M and 5.91% Y/Y.

U.S. Used Semi-Trailers

• Inventory levels of used semi-trailers increased 0.7% M/M but decreased 31.38% Y/Y in August and have been trending down for 13 months in a row. Used drop-deck semi-trailers had the largest M/M inventory change, up 10.26%, while used reefer semi-trailers had the largest Y/Y inventory change, down 48.29%.

• Asking values increased 0.46% M/M and 5.88% Y/Y and are trending up. Used dry van semi-trailers had the largest M/M asking value change, down 2.27%, while used reefer semi-trailers had the largest Y/Y asking value change, up 10.45%.

• Auction values increased 1.57% M/M and 11.47% Y/Y and are trending up. Used dry van semi-trailers had the largest M/M auction value change, down 3.59%, while used reefer semi-trailers had the largest Y/Y auction value change, up 21.8%.

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