Sandhills Global released its December 2024 Construction Market Report, inventory levels fell month over month across various construction equipment, though remain on an upward trend year over year.
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% Y/Y 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% Y/Y.
- Asking values in this market decreased by 1.6% M/M and 6.55% Y/Y. Used crawler excavators led other categories in asking value declines, down 2.91% M/M and 9.29% Y/Y.
- Auction values decreased by 1.68% M/M and 9.26% Y/Y in December. The used wheel loader category showed the largest drops, down 3.23% M/M and 12.07% Y/Y.
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% Y/Y increase.
- Asking values were down 0.64% M/M and 5.65% Y/Y, 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% Y/Y.
- Auction values have also been trending downward for nine months, showing decreases of 0.16% M/M and 6.75% Y/Y 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% Y/Y.
U.S. Used Lifts
- Inventory levels in Sandhills’ U.S. used lift marketplaces continued a nearly year-long upward trend despite a 0.99% M/M decrease in December. Inventory was up 19.65% over year-ago levels. The used rough terrain scissor lift category drove these changes, with a 3.12% M/M decrease and a significant 42.76% Y/Y increase.
- Asking values declined by 0.82% M/M and 11.65% Y/Y in December, continuing a downward trend. Sandhills noted the greatest category changes among used slab scissor lifts, down 6.94% M/M, and used telehandlers, down 13.86% Y/Y.
- Auction values have also been trending downward, with decreases of 1.21% M/M and 14.96% Y/Y. The used cushion tire forklift category exhibited the largest M/M auction value decrease at 11.11%, while the telescopic boom lift category showed the largest Y/Y decrease at 18.65%.
