Sandhills Global released its December 2025 Construction report. Findings include:
U.S. Used Heavy-Duty Construction Equipment
- Inventory levels in this market, which includes used crawler excavators, dozers, and wheel loaders, fell 4.02% M/M and 9.04% Y/Y in December. Inventory levels are currently trending down. Used wheel loader inventory levels decreased more than other categories M/M, falling 5.04%, while the used crawler excavator category posted the largest Y/Y drop at 11.26%.
- Asking prices decreased by 0.54% M/M and 1.04% Y/Y and are trending down. Used crawler dozer asking prices dipped 0.89% M/M, leading other categories in monthly changes, while the used wheel loader category led in Y/Y decreases with a 1.83% drop.
- Auction values are trending down, falling 1.54% M/M and rising 1.36% Y/Y in December. The greatest M/M auction value contraction occurred in the used crawler dozer category with a 3.45% decrease. The used wheel loader category had the largest Y/Y auction value gain at 5.42%.
U.S. Used Medium-Duty Construction Equipment
- Inventory levels in this market, which includes used skid steers, loader backhoes, and mini excavators, fell 5.13% M/M and 10.06% Y/Y and are trending downward. The used loader backhoe category drove the largest inventory drops, posting decreases of 7.53% M/M and 19.32% Y/Y.
- Following a five-month-long downward trend, asking values held steady in December, up 0.2% M/M and down 0.81% Y/Y. Used loader backhoes constituted the standout category here as well, posting the largest asking value changes with a 0.67% M/M increase and a 2.94% Y/Y decrease.
- Auction values experienced minimal changes in December, decreasing by 0.54% M/M and 0.1% Y/Y, and continued a downward trend. Used mini excavators led other categories in auction value changes, slipping 1.62% M/M and 2.68% Y/Y.
U.S. Used Aerial Lifts
- U.S. used aerial lift inventory levels have been trending up for seven consecutive months. In December, inventory levels slipped 0.49% M/M but climbed 10.97% Y/Y. The most notable inventory changes came from the used articulating boom lift category, down 1.16% M/M, and the used rough-terrain scissor lift category, up 21.08% Y/Y.
- Asking prices fell 3.14% M/M and 6.46% Y/Y in December, continuing a 10-month-long downward trend. The used telescopic boom lift category posted the most significant changes, with asking values falling 4.34% M/M and 9.59% Y/Y.
- Auction values dropped 6.9% M/M and 12.64% Y/Y in December and continued a downward trend. The most pronounced downward slide occurred in the used telescopic boom lift category, with auction values falling 10.15% M/M and 19.25% Y/Y.
U.S. Used Forklifts
- Inventory levels of U.S. used forklifts slipped 1.44% M/M in December but surged 21.75% compared to year-ago levels and are showing a strong Y/Y upward trend. The used pneumatic-tire forklift category drove these inventory changes with a 2.87% M/M decrease and a 23.36% Y/Y increase.
- Asking prices fell 2.54% M/M but rose 2.17% Y/Y and are trending sideways. The used cushion-tire forklift category had the most influence, with asking values falling 5.67% M/M and rising 2.26% Y/Y.
- Used forklift auction values are also trending sideways despite December decreases of 0.81% M/M and 1.78% Y/Y. The used cushion-tire forklift category posted the sharpest monthly auction value decline at 6.03%, while the used pneumatic-tire forklift category had the greatest yearly drop at 2.18%.
U.S. Used Telehandlers
- Inventory levels of U.S. used telehandlers declined 4.03% M/M in December but increased by 11.44% Y/Y and are trending sideways.
- Asking prices fell 1.57% M/M, edged up 0.3% Y/Y, and are trending down.
- Auction values have maintained a downward trend for eight consecutive months. Auction values decreased by 1.5% M/M and 3.16% Y/Y in December.
