Used agricultural equipment inventories continued to tighten across several major categories in August, according to Sandhills Global’s latest agricultural equipment market data. High-horsepower tractors, combines, planters and self-propelled forage harvesters all posted year-over-year inventory declines, while compact and utility tractor inventories also remained well below 2025 levels. At the same time, asking and auction values generally moved higher, particularly for tractors and planters. Sprayers were a notable exception, with values continuing to trend lower. The data points to a market where declining availability is supporting equipment values, although trends remain mixed depending on the equipment category.
U.S. Used Tractors 100 Horsepower and Greater
- Inventory levels in the used high-HP tractor market decreased 0.96% M/M in August and were 15.49% lower than last year. Inventory levels in this market are trending down, continuing a pattern that has persisted for several months. Used 175-to-299-HP tractors had the largest M/M inventory change, down 1.73%, while used 100-to-174-HP tractors had the largest Y/Y inventory change, down 20.43%.
- Asking values increased 0.79% M/M, remained nearly flat Y/Y with a 0.09% decrease, and are trending up. Used 100-to-174-HP tractors had the largest M/M asking value change, up 1.15%, while used 175-to-299-HP tractors had the largest Y/Y asking value change, up 1.51%.
- Auction values increased 2.3% M/M and 4.45% Y/Y and are trending up. Used 175-to-299-HP tractors had the largest auction value changes, up 3.54% M/M and 5.97% Y/Y.
- The EVI spread, which measures the percentage difference between asking and auction values, was 31% in August, a two-percentage-point decrease from 33% in July.
U.S. Used Combines
- Used combine harvester inventory levels fell 3.86% M/M and 10.18% Y/Y in August and are trending down.
- Asking values increased 2.34% M/M and 1.46% Y/Y and are trending sideways.
- Although auction values increased 3.23% M/M and 4.66% Y/Y in August, they continue to trend down from levels observed earlier in 2026.
- The EVI spread was 37%, a one-percentage-point decrease from 38% in July.
U.S. Used Sprayers
- Inventory levels of used sprayers increased 1.9% M/M but decreased 16.7% Y/Y in August and are trending sideways.
- Asking values increased 0.19% M/M but fell 4.36% Y/Y and have been trending down for the last five months.
- Auction values increased 0.27% M/M but decreased 4.15% Y/Y and are trending down.
- The EVI spread was 40%, unchanged from July.
U.S. Used Planters
- Used planter inventory levels decreased 0.72% M/M and 15.95% Y/Y in August and are trending sideways.
- Asking values rose 4.54% M/M and 6.39% Y/Y and are trending up.
- Auction values jumped 5.07% M/M and 15.35% Y/Y and are trending up.
- The EVI spread decreased from 47% in July to 45% in August and remained lower than the peak values observed in 2015.
U.S. Used Compact and Utility Tractors
- Inventory levels in this market increased 2.07% M/M in August but dropped 22.02% Y/Y and have been trending down for 10 months. Used 40-to-99-HP tractors had the largest M/M inventory change, up 2.72%, while used tractors with less than 40 HP had the largest Y/Y inventory change, down 23.53%.
- Asking values increased 0.53% M/M and 1.61% Y/Y and are trending up. Used 40-to-99-HP tractors had the largest asking value changes, up 0.72% M/M and 1.89% Y/Y.
- Auction values increased 0.33% M/M and 1.7% Y/Y and are trending up. Used 40-to-99-HP tractors had the largest auction value changes, up 0.72% M/M and 2.04% Y/Y.
U.S. Used Self-Propelled Forage Harvesters
- Inventory levels in this market dropped 10.18% M/M and 9.77% Y/Y in August and are trending down.
- Asking values decreased 0.38% M/M but increased 0.45% Y/Y and are trending up.
- Auction values decreased 0.72% M/M but increased 1.08% Y/Y and are trending sideways.
