LINCOLN, Neb., Sept. 7, 2023 /PRNewswire/ — According to the newest Sandhills Global market reports, ongoing inventory increases have led to decreased auction values across the construction equipment, farm machinery, heavy-duty truck, and semitrailer categories in Sandhills marketplaces. These increases have led to decreased auction values and a wider spread between asking and auction values.

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U.S. Used Farm Equipment •Used farm equipment inventory levels were up 0.66% M/M and 34.83% YOY in August and are trending up. Sandhills has observed seasonal inventory decreases in the used combine category. •Asking values remain elevated and are greater than they were a year ago, up 0.69% M/M and 9.39% YOY after consecutive months of increases. •Auction value decreases have been noted among used combines and high-horsepower tractors (300 HP and greater) in past months, but even with recent
U.S. Used Farm Equipment •Used farm equipment inventory levels were up 0.66% M/M and 34.83% YOY in August and are trending up. Sandhills has observed seasonal inventory decreases in the used combine category. •Asking values remain elevated and are greater than they were a year ago, up 0.69% M/M and 9.39% YOY after consecutive months of increases. •Auction value decreases have been noted among used combines and high-horsepower tractors (300 HP and greater) in past months, but even with recent
U.S. Used Heavy-Duty Construction Equipment •The excavator category is leading the inventory recovery within the used heavy-duty construction equipment market. In the market overall, inventory levels were up 2.58% M/M following months of increases and rose 9.46% YOY. •Asking and auction values are trending down with the largest value decreases seen in the excavator category. Dozer values are trending down, although not as quickly as the excavator and wheel loader categories.
U.S. Used Heavy-Duty Construction Equipment •The excavator category is leading the inventory recovery within the used heavy-duty construction equipment market. In the market overall, inventory levels were up 2.58% M/M following months of increases and rose 9.46% YOY. •Asking and auction values are trending down with the largest value decreases seen in the excavator category. Dozer values are trending down, although not as quickly as the excavator and wheel loader categories.
U.S. Used Lifts •Inventory levels of used lift equipment are trending upwards with the telehandler and scissor lift categories taking the lead. Overall, inventory levels were up 2.33% M/M and 4.56% YOY. •Asking values remained elevated in August, increasing 2.42% M/M and 3.89% YOY, and are trending sideways. •Auction values are trending down with the largest decreases observed in the boom lift category. Auction values increased 1.01% M/M and decreased 4.2% YOY.
U.S. Used Lifts •Inventory levels of used lift equipment are trending upwards with the telehandler and scissor lift categories taking the lead. Overall, inventory levels were up 2.33% M/M and 4.56% YOY. •Asking values remained elevated in August, increasing 2.42% M/M and 3.89% YOY, and are trending sideways. •Auction values are trending down with the largest decreases observed in the boom lift category. Auction values increased 1.01% M/M and decreased 4.2% YOY.
U.S. Used Semitrailers •Used semitrailer inventory levels were up 3.55% M/M and 59.96% YOY after several months of increases, with the dry van and reefer semitrailer categories leading the way. •A downward trend continued for both asking and auction values, with dry van semitrailers exhibiting the most significant M/M value decreases in August. Asking values were up 0.05% M/M and down 23.41% YOY in August. •Auction values fell 2.87% M/M and 27.22% YOY following months of decreases.
U.S. Used Semitrailers •Used semitrailer inventory levels were up 3.55% M/M and 59.96% YOY after several months of increases, with the dry van and reefer semitrailer categories leading the way. •A downward trend continued for both asking and auction values, with dry van semitrailers exhibiting the most significant M/M value decreases in August. Asking values were up 0.05% M/M and down 23.41% YOY in August. •Auction values fell 2.87% M/M and 27.22% YOY following months of decreases.
U.S. Used Medium-Duty Trucks •Inventory levels of used medium-duty trucks have been trending up for several months, led by the box truck category. Inventory was up 1.54% M/M and 29.91% YOY in August. •This market segment showed the largest gap between asking and auction values. Asking values declined 0.44% M/M and 14.14% YOY in August. •While used medium-duty truck asking values have continued to fall, auction value decreases have paused for a few months. In August, auction values were up
U.S. Used Medium-Duty Trucks •Inventory levels of used medium-duty trucks have been trending up for several months, led by the box truck category. Inventory was up 1.54% M/M and 29.91% YOY in August. •This market segment showed the largest gap between asking and auction values. Asking values declined 0.44% M/M and 14.14% YOY in August. •While used medium-duty truck asking values have continued to fall, auction value decreases have paused for a few months. In August, auction values were up
U.S. Used Medium-Duty Construction Equipment •An upward trajectory continued for used medium-duty construction equipment inventory levels in August, which were up 6.14% M/M and 48.18% YOY. The largest M/M increases occurred in the track skid steer category; inventory levels were also up 83% YOY. •Asking values ticked upward 0.24% M/M and downward 1.66% YOY in August and are trending down. The gap between asking and auction values has now reached historic highs.
U.S. Used Medium-Duty Construction Equipment •An upward trajectory continued for used medium-duty construction equipment inventory levels in August, which were up 6.14% M/M and 48.18% YOY. The largest M/M increases occurred in the track skid steer category; inventory levels were also up 83% YOY. •Asking values ticked upward 0.24% M/M and downward 1.66% YOY in August and are trending down. The gap between asking and auction values has now reached historic highs.
U.S. Used High-Horsepower Tractors (300 HP and Greater) •Continuing several months of increases, inventory levels of used high-horsepower tractors were up 8.13% M/M and 75.67% YOY in August, a noteworthy acceleration led in part by 2022 model year tractors. •Asking values are trending upward, up 0.93% M/M and 10.19% YOY in August after months of increases, while auction values are trending downward. •Auction values were up just 0.41% M/M and 0.08% YOY and are trending down.
U.S. Used High-Horsepower Tractors (300 HP and Greater) •Continuing several months of increases, inventory levels of used high-horsepower tractors were up 8.13% M/M and 75.67% YOY in August, a noteworthy acceleration led in part by 2022 model year tractors. •Asking values are trending upward, up 0.93% M/M and 10.19% YOY in August after months of increases, while auction values are trending downward. •Auction values were up just 0.41% M/M and 0.08% YOY and are trending down.