Commercial Truck Prices Soar

By Staff Writer October 22, 2021

A new Sandhills Global Market Report finds commercial truck prices continue to soar to unprecedented levels, construction machinery values are holding steady, and agricultural equipment values declined slightly for the first time since Q3 2020.

Late-model trucks, dozers, and high-horsepower tractors are still showing the biggest gains in their respective categories.

Sandhills Market Reports highlight the most significant changes in the used heavy-duty truck, construction equipment, and farm machinery markets.

 

U.S. Used Heavy-Duty Trucks

  • The Sandhills EVI for used sleeper and day cab trucks posted a 61.9% year-over-year auction value increase to $44,000 in September compared to $27,000 in September 2020. Asking values also continued to trend upward with a 42.1% YOY increase to $55,000 this September compared to $39,000 the previous September. Truck inventory levels continue to trend downward.
  • Both asking and auction values for sleeper trucks rose approximately $3,000 month-over-month, to $63,000 and $52,000, respectively, in September compared to August 2021.
  • Sleeper trucks in the 0- to 5-year age group are driving month-over month growth in asking values, which posted a 7% increase in September, or $7,000 over August.

U.S. Used Heavy-Duty Construction Equipment

  • The Sandhills auction EVI for the construction market indicated a 15.7% YOY value increase to $66,000 in September 2021, with the asking EVI up 10.5% YOY to $89,000.
  • Asking and auction values in this market have remained fairly flat since May 2021; this follows a period of steady growth that began in August of 2020. Excavator, wheel loader, loader backhoe, and skid steer values have shown flat to slightly declining values.
  • By contrast, dozer asking values have continued a steady increase throughout 2021, posting at $150,000 in September compared to $140,000 at the start of the year. The 0- to 5-year age group is driving this rise, charting a $40,000 year-to-date asking value increase as inventory steadily declines in this age group.
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Last modified on Friday, 22 October 2021 16:30