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Sandhills Global Market Data Highlights the Equipment Classes and Age Groups Driving Historic Auction Values

With auction values spiking across equipment industries in 2021, the newest market data report from Sandhills Global illustrates the equipment classes and age groups that are fueling year-over-year growth in auction values. Sandhills’ current report includes insights into auction values for heavy-duty sleeper trucks, loader backhoes, dozers, and high-horsepower tractors, among numerous other categories, as measured by the Sandhills Equipment Value Index (EVI).

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Chart Takeaways

Bidding for equipment has been fierce in 2021. Within the used construction market, the Sandhills EVI shows a 12.3% YOY increase in auction equipment values, exceeding historic levels. The ag industry is doing well at auction, too, with the Sandhills EVI marking a 7.7% YOY auction value increase. The accompanying charts show some of the key categories driving up auction values within the commercial truck, construction equipment, and ag equipment markets.

U.S. Used Heavy-Duty Sleeper Trucks

• Sleeper trucks showed a 33.5% YOY increase in auction values, according to the Sandhills EVI, establishing a new record for this category.
• The YOY value jump in sleeper trucks is led by the 0- to 5-year age group (up 44.8%) and the 5- to 10-year age group (up 39.6%).

U.S. Used Loader Backhoes

• In the loader backhoe category, auction values are up 10.9% YOY. Low-horsepower models showed particularly strong auction values, led by the 10- to 25-year age group (up 19.6%).
• On a related note regarding the construction equipment category, auction values for dozers were up 9.5% YOY, led by the 0- to 5-year age group (up 20.6%).

U.S. Used Tractors, 300-Plus Horsepower

• 300-plus-horsepower tractor auction values are up 8.3% YOY, with auction values for tractors in the 10- to 25-year age group peaking at a 14.3% increase.
• Looking specifically at 300-plus-horsepower row crop tractors, Sandhills EVI shows a continual upward trend in YOY values throughout 2021 with the most recent data pointing to a 10.2% YOY increase.

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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.