By Jordanne Waldschmidt – Equipment World
With more new construction equipment and truck inventory available on dealer lots, auction prices for used units are trending downward, according to the latest Sandhills Global market report.
Pandemic-related shortages drove late-model prices up in 2021 and 2022, but the market is rebalancing as factories have since ramped up production.
Sandhills monitors used truck, semitrailer, farm machinery and construction equipment markets. Buyers and sellers can use the data tracked in its Equipment Value Index (EVI) to make acquisition, liquidation and related business decisions.
Below are the most significant changes Sandhills saw in its latest construction equipment, truck and aerial lift market reports:
U.S. Used Heavy-Duty Construction Equipment
- Inventory and values declined slightly in the past month. Inventory levels decreased 2.2% month-over-month but were up 11.12% year-over-year, putting pressure on values. Inventory is currently trending sideways.
- Asking and auction values show mixed year-over-year trends, with asking values up 1.43% and auction values down 5.34%. Asking values dipped 0.12% lower month-over-month after several months of decreases.
- Auction values were down 0.08% month-over-month after months of decreases. Used excavators have recently shown the most significant inventory and value changes, with lower operating weight models exhibiting the highest year-over-year volatility.