A new Sandhills Global market data report indicated that inventory levels play a large role in the average value of used equipment. Due to the seasonal trends across the agricultural equipment, commercial truck and heavy machinery markets, it is essential that sellers compare current values to the historic rise and fall of used equipment values. For its market reports, Sandhills examined the long-term market history across a range of used equipment industries along with current trends.
- With used heavy duty truck inventory continuing to decline, Sandhills market data showed ongoing value increases. Average values for sleeper trucks underscored these market factors with a year-over-year improvement of four percentage points.
- Recovery in the farm equipment market was highlighted by a 2.78% year-over-year gain in September, guided in part by tractor inventory trending down year-to-date across horsepower groups. The reduction in used tractor inventory contributed to average year-over-year price increases across all tractor segments.
- In the heavy duty construction market, a 4.07% year-over-year decrease was driven by average price declines year-over-year in the zero to five-year age groups within the excavator and dozer categories.
The used inventory on TruckPaper.com, MachineryTrader.com, TractorHouse.com, AuctionTime.com, and Sandhills’ other websites and trade publications provide data that Sandhills tracks for its analysis and reporting. This data is reflected in Sandhills’ Used Price Index.
Sandhills Global is an information processing company headquartered in Lincoln, NE.