LINCOLN, Neb., Aug. 7, 2023 /PRNewswire/ — As inventory levels of used tractors in Sandhills Global marketplaces continue to recover from post-pandemic lows, auction values are exhibiting a decline, according to Sandhills’ newest market reports. Inventories of used high-horsepower tractors (300 horsepower and greater) are increasing especially quickly, with auction values trending downward as a result. Used high-horsepower tractor asking values have reacted more slowly to inventory increases, however, resulting in a widening gap between auction and asking values.

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U.S. Used Medium-Duty Trucks •After a brief decrease at the beginning of the 2023 calendar year, inventory levels have been adding up. Used inventory levels were up 4.98% M/M and 32.88% YOY in July. •Asking and auction values in this market remain lower than last year by double digits. Asking values were down 1.35% M/M and 12.94% YOY after months of decreases.
U.S. Used Medium-Duty Trucks •After a brief decrease at the beginning of the 2023 calendar year, inventory levels have been adding up. Used inventory levels were up 4.98% M/M and 32.88% YOY in July. •Asking and auction values in this market remain lower than last year by double digits. Asking values were down 1.35% M/M and 12.94% YOY after months of decreases.
U.S. Used Heavy-Duty Construction Equipment •Used heavy-duty equipment inventory levels have posted consecutive months of increases; levels were up 4.14% M/M and 7.41% YOY in July. Inventory levels have remained steady with the exception of excavators under 18 metric tons. Inventories in these segments are up by double digits and have been trending upwards since April of last year.
U.S. Used Heavy-Duty Construction Equipment •Used heavy-duty equipment inventory levels have posted consecutive months of increases; levels were up 4.14% M/M and 7.41% YOY in July. Inventory levels have remained steady with the exception of excavators under 18 metric tons. Inventories in these segments are up by double digits and have been trending upwards since April of last year.
U.S. Used Medium-Duty Construction Equipment •As with heavy-duty construction equipment, used medium-duty equipment inventory levels are growing quickly, continuing months of increases, posting 5.91% M/M and 45.79% YOY increases in July. The track skid steer and mini excavator categories are leading recovery within this marketplace. •Asking values drooped 0.18% M/M and 2.69% YOY after several months of declines. •Auction values, which have also been declining for months, dropped 2.78% M/M
U.S. Used Medium-Duty Construction Equipment •As with heavy-duty construction equipment, used medium-duty equipment inventory levels are growing quickly, continuing months of increases, posting 5.91% M/M and 45.79% YOY increases in July. The track skid steer and mini excavator categories are leading recovery within this marketplace. •Asking values drooped 0.18% M/M and 2.69% YOY after several months of declines. •Auction values, which have also been declining for months, dropped 2.78% M/M