Sandhills Global released its April Construction Market Report for medium and heavy-duty construction equipment. The report outlines changes in inventory, asking and auction values over time.
U.S. Used Medium-Duty Construction Equipment
- Sandhills noted a continued surge in medium-duty construction inventory levels, which have been trending up since February 2023. In April, inventory was up 3.23% month over month and 59.05% year over year. The highest volume increases are occurring in the track skid steer category, with inventory up 82.27% compared to last year.
- Asking and auction EVI, however, continue trending downward. Asking values remained steady month over month, increasing just 0.05% in April, but decreased 5.47% year over year.
- Auction values decreased 1.68% month over month and 10.39% year over year. Despite the downward price trends, EVI remains elevated due to the availability of newer equipment. In the track skid steer and mini excavator categories, for example, nearly half of all inventory on dealers’ lots is between zero and five years old.
U.S. Used Heavy-Duty Construction Equipment
- Like the medium-duty construction equipment market, the heavy-duty construction equipment market showed increased inventory levels and decreased values in April. Inventory accumulation is gaining momentum, with levels up 4.39% month over month and 21.62% year over year.
- Asking values were down 1.05% month over month and 3.35% year over year in April and are trending down.
- Auction values decreased 1.54% month over month and 8.8% year over year and are also trending down.
To view the full construction market report, click here.
Sandhills Equipment Value Index
The Sandhills Global Equipment Value Index (EVI) is a metric that accurately tracks the ways in which asset values within the commercial trucking, construction equipment, agricultural equipment and RV markets change over time.
