Sandhills Monthly Market Report: December 2024

U.S. Used Heavy-Duty Construction Equipment

Inventory levels in Sandhills’ U.S. marketplaces for used heavy-duty construction equipment, which include crawler excavators, dozers, and wheel loaders, dropped 1.77% M/M and rose 17.63% YOY in December. Used wheel loaders pushed both of these figures more than other categories, with inventory down 3.58% M/M and up 31.81% YOY.
Asking values in this market decreased by 1.6% M/M and 6.55% YOY. Used crawler excavators led other categories in asking value declines, down 2.91% M/M and 9.29% YOY.
Auction values decreased by 1.68% M/M and 9.26% YOY in December. The used wheel loader category showed the largest drops, down 3.23% M/M and 12.07% YOY.

U.S. Used Medium-Duty Construction Equipment

Inventory levels in this market have maintained a steady course in recent months. This continued in December, with inventory down 0.75% M/M. Still, inventory was 18.75% higher than year-ago levels. The used wheel skid steer category had the most significant impact on these figures, with a 2.75% M/M decrease and a 24.76% YOY increase.
Asking values were down 0.64% M/M and 5.65% YOY, continuing a 9-month-long downward trend. Sandhills observed the largest category decreases in the used track skid steer category, down 1.85% M/M, and the used wheel skid steer category, down 7.86% YOY.
Auction values have also been trending downward for nine months, showing decreases of 0.16% M/M and 6.75% YOY in December. Skid steers figured prominently in auction value changes as well. Used track skid steer auction values decreased 1.97% M/M, while used wheel skid steer auction values were down 9.27% YOY.