Sandhills Global released its June 2024 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
- The used skid steer category has driven a surge in inventory level increases across the U.S. used medium-duty construction equipment market. In the overall market, inventory levels rose 7.56% M/M and 51.85% YOY, adding to consecutive months of increases.
- Asking values, following moths of decreases, ticked 0.74% lower M/M and dropped 7.16% YOY in June.
- Auction values also continued a trend of monthly decreases, dropping 2.27% M/M and 11.63% YOY in June.
U.S. Used Heavy-Duty Construction Equipment
- Inventory continues a steady recovery in this market, but at a slower rate compared to medium-duty construction equipment. Inventory levels of used heavy-duty construction equipment rose 4.15% M/M and 21.02% YOY in June, adding more pressure on values, which remain on downward trends.
- Sandhills has observed several months of decreases in both asking and auction values. Asking values decreased by 1.91% M/M and 5.41% YOY in June.
- Auction values fell 2.92% M/M and 9.56% YOY in June.
The full report is available online: https://sandhills.showpad.com/share/ZkDiz4ZeqL30Uu6QMiOWT.
Sandhills Global also released its June 2024 Construction Market Report for Canada. The full report is available online: https://sandhills.showpad.com/share/DHcL905HB1FRWDI2mUMaE.
