The latest Sandhills Global market report showed that in the used heavy-duty truck market, inventory trends continue to diverge, with day cab inventory steadily increasing while sleeper truck inventory decreases.
“It’s important to recognize that asking and auction values for day cabs and sleeper trucks are following similar downward trends,” says Truck Paper Manager Scott Lubischer. “Used semitrailer inventory trends, meanwhile, are on a steady trend, but they’ve been decreasing month over month. If this pattern continues, it will transition to a downward trend.”
The report highlights inventory, auction value, and pricing trends for used construction equipment, farm machinery, commercial trucks, and semitrailers in Sandhills’ U.S. marketplaces as buyers and sellers enter the end-of-year auction season. The reports show, for example, that auction prices for agricultural equipment ticked up month over month in most categories in November (the compact and utility category was an exception), with combine harvesters leading the other farm equipment categories.
Construction equipment inventory levels have been trending up for several consecutive months. “Looking at year-over-year comparisons, most equipment categories have seen inventory increases as they return to pre-COVID levels,” says Director of North American Construction Stephanie Olberding. “Still, we’re seeing slight month-over-month inventory decreases, and values are continuing to fall.”
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.