Sandhills Global published its most recent used equipment market report Monday. The report features inventory, auction value and pricing trends for used construction equipment, farm machinery, commercial trucks and trailers 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.
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."
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Inventory levels of used heavy-duty trucks in Sandhills' U.S. marketplaces have been trending down for several months. Inventory fell 2.28% month over month and 11.19% year over year in November as well. The used sleeper truck category posted the largest decreases, down 4.94% month over month and 33.67% year over year. By contrast, used day cab inventory rose 27.35% year.
In the medium-duty space, inventory gains across the board in November, up 0.22% month over month and 8.33% year over year, and are following an upward trend. The largest inventory level increases occurred in the used moving box truck category, up 15.62% month over month, and in the used reefer box truck category, up 130.2% year over year.
As for trailers, inventory levels in this market dipped 1.33% lower month over month but were 6.73% higher than year-ago levels. Used flatbed trailers posted the largest month over month inventory decrease, at 3.7%, as well as the largest year over year increase, at 23.08%.
