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Sandhills Global Market Reports Show Auction Value Trends for Equipment, Trucks, and Trailers for Year-End Sales

The latest Sandhills Global market reports highlight 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.

“High-horsepower tractor and combine inventory is still climbing while asking values are coming down,” says TractorHouse Manager Ryan Dolezal. “In both categories, auction values have been increasing but are now on a steady trend. Combine auction values increased more than other categories from October to November. Compact tractors, on the other hand, showed decreases across the board in inventory levels, asking values, and auction prices.”

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.”

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 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.

Additional Market Report Takeaways

Sandhills market reports highlight the most significant changes in Sandhills’ used heavy-duty truck, semitrailer, farm machinery, and construction equipment markets. Key points from the current reports are listed below. Full reports are available upon request.

U.S. Used Tractors 100 Horsepower and Greater

• Inventory levels in this market have been trending upward for several months. This trend continued in November, with inventory up 0.79% M/M and 23.53% YOY. Sandhills observed the largest M/M increase in the 100- to 174-hp tractor category, up 1.34%, and the largest YOY increase in the high-hp tractor category, up 38.18% YOY.
• Asking values have been trending down for months and were down in November by 2.16% M/M and 6.41% YOY. The biggest drops were seen in high-hp tractors, down 2.63% M/M, and 175- to 299-hp tractors, down 8.37% YOY.
• Auction values were up 0.17% M/M and down 14.38% YOY in November and are trending steady. The largest M/M increase occurred in the 100- to 174-hp tractor category, up 1.23%, and the most significant YOY drop was in high-hp tractors, down 16.03% YOY.
• The EVI spread fell to 44% in November (down from 47% in October), but that figure is still greater than the historic highs set in 2015.

Obtain the Full Reports

For more information or to receive detailed analysis from Sandhills Global, contact us at [email protected].

About the Sandhills Equipment Value Index

The Sandhills Equipment Value Index (EVI) is a principal gauge of the estimated market values of used assets—both currently and over time—across the construction, agricultural, and commercial trucking industries represented by Sandhills Global marketplaces, including AuctionTime.com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and other industry-specific equipment platforms. Powered by FleetEvaluator, Sandhills’ proprietary asset valuation tool, Sandhills EVI provides useful insights into the ever-changing supply-and-demand conditions for each industry.