LINCOLN, Neb., Dec. 5, 2023 /PRNewswire/ — The used heavy-duty truck and semitrailer markets have undergone a correction in 2023 in response to the extreme supply-demand imbalance that emerged in 2022. According to new market reports from Sandhills Global, inventory levels of used heavy-duty trucks and semitrailers in Sandhills marketplaces continue to rise and are much higher than they were last year. Demand, however, has been lower due to turbulence in the freight sector, with reduced freight activity expected to continue into 2024.

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•Inventory levels of used semitrailers have increased steadily for many months and in November reached a record high, up 86.16% YOY. An oversupply of the most popular category, dry van semitrailers, is largely responsible for this. Inventory was up 1.57% M/M. Demand, however, remains low. •Asking and auction values in this market have fallen sharply for months. Asking values were down 5.18% M/M and 22.09% YOY in November. •Auction values were down 3.48% M/M and 24.99% YOY.
•Inventory levels of used semitrailers have increased steadily for many months and in November reached a record high, up 86.16% YOY. An oversupply of the most popular category, dry van semitrailers, is largely responsible for this. Inventory was up 1.57% M/M. Demand, however, remains low. •Asking and auction values in this market have fallen sharply for months. Asking values were down 5.18% M/M and 22.09% YOY in November. •Auction values were down 3.48% M/M and 24.99% YOY.
•Used medium-duty truck inventory levels have been increasing for most of 2023 and were up 55.82% YOY in November despite a 7.03% M/M decrease. Demand has been low, however, as economic and post-pandemic conditions continue to plague the transportation sector. •Asking values declined 2.73% M/M and 15.87% YOY in November after several months of decreases. •Auction values have also been declining for months, indicating that sellers are lowering prices to attract buyers.
•Used medium-duty truck inventory levels have been increasing for most of 2023 and were up 55.82% YOY in November despite a 7.03% M/M decrease. Demand has been low, however, as economic and post-pandemic conditions continue to plague the transportation sector. •Asking values declined 2.73% M/M and 15.87% YOY in November after several months of decreases. •Auction values have also been declining for months, indicating that sellers are lowering prices to attract buyers.
•Sandhills has observed fluctuations in the used farm equipment market throughout 2023, with inventory levels rising and values changing in different directions. Inventory levels were up 1.3% M/M and 29.56% YOY in November and are trending up. •High levels of product availability have been met with variable demand, producing mixed value trends. Asking values ticked upward 0.17% M/M and rose 4.02% YOY in November, suggesting a higher expectation among sellers.
•Sandhills has observed fluctuations in the used farm equipment market throughout 2023, with inventory levels rising and values changing in different directions. Inventory levels were up 1.3% M/M and 29.56% YOY in November and are trending up. •High levels of product availability have been met with variable demand, producing mixed value trends. Asking values ticked upward 0.17% M/M and rose 4.02% YOY in November, suggesting a higher expectation among sellers.
•The used high-horsepower tractor category has been adjusting to higher supply levels in 2023. Inventory was up 1% M/M and 80.74% YOY in November after months of increases. •Value trends in this category are mixed. Asking values decreased 0.45% M/M and increased 7.47% YOY in November and are trending up.
•The used high-horsepower tractor category has been adjusting to higher supply levels in 2023. Inventory was up 1% M/M and 80.74% YOY in November after months of increases. •Value trends in this category are mixed. Asking values decreased 0.45% M/M and increased 7.47% YOY in November and are trending up.
•The market for used compact and utility tractors has surpassed pre-pandemic supply levels, which has impacted demand in 2023. Inventory levels were up 2.28% M/M and 29.99% YOY in November after months of increases. •Prices in this category have been dropping for several months, indicating a weaker resale value. Asking values were down 0.4% M/M and 3.06% YOY in November. •Auction values were down 0.57% M/M and 5.53% YOY.
•The market for used compact and utility tractors has surpassed pre-pandemic supply levels, which has impacted demand in 2023. Inventory levels were up 2.28% M/M and 29.99% YOY in November after months of increases. •Prices in this category have been dropping for several months, indicating a weaker resale value. Asking values were down 0.4% M/M and 3.06% YOY in November. •Auction values were down 0.57% M/M and 5.53% YOY.
•This is another market that has been experiencing a lower demand and a higher supply in 2023. Used heavy-duty construction equipment inventory levels were up 2.11% M/M and 16.36% YOY in November after months of increases. •Values in this market have been declining for several months. The excavator category has led the way in both inventory increases and value decrease within the broader market.
•This is another market that has been experiencing a lower demand and a higher supply in 2023. Used heavy-duty construction equipment inventory levels were up 2.11% M/M and 16.36% YOY in November after months of increases. •Values in this market have been declining for several months. The excavator category has led the way in both inventory increases and value decrease within the broader market.
•Sandhills has observed a supply recovery and softening demand in 2023 for used medium-duty construction equipment. Inventory levels have been rising for months, indicating an accumulation of used equipment. Inventory was also up in November, by 5.47% M/M and 71.16% YOY.
•Sandhills has observed a supply recovery and softening demand in 2023 for used medium-duty construction equipment. Inventory levels have been rising for months, indicating an accumulation of used equipment. Inventory was also up in November, by 5.47% M/M and 71.16% YOY.