The U.S. used equipment market showed continued signs of softening in September, according to Sandhills Global data. Inventory levels declined across most equipment categories, while asking and auction values generally trended downward. Heavy-duty construction equipment saw sustained declines in both pricing measures, and telehandler values fell sharply year over year. Forklifts stood out as inventory continued to rise, even as auction values weakened.

U.S. Used Heavy-Duty Construction Equipment

• Inventory levels in this market were down 2.29% M/M and 12.65% Y/Y in September and are trending down. Used wheel loaders had the largest inventory changes, down 4.51% M/M and 16.05% Y/Y.
• Asking values decreased 1.86% M/M and 2.84% Y/Y and are trending down for the fifth consecutive month. Used crawler dozers had the largest M/M asking value change, down 3.3%, while used crawler excavators had the largest Y/Y asking value change, down 4.14%.
• Auction values dipped 2.37% M/M and 2.81% Y/Y and are trending down. Used crawler dozers had the largest auction value changes, down 3.64% M/M and 3.18% Y/Y.

U.S. Used Medium-Duty Construction Equipment

• Inventory levels of used medium-duty construction equipment decreased 1.01% M/M and 13.36% Y/Y in September and are trending down. Used wheel skid steers had the largest M/M inventory change, down 3.71%, while used loader backhoes had the largest Y/Y inventory change, down 23.35%.
• Asking values decreased 0.98% M/M and 1.07% Y/Y and are trending down. Used mini excavators had the largest asking value changes, down 2.51% M/M and 3.34% Y/Y.
• Auction values decreased 0.91% M/M and 0.41% Y/Y and are trending down. Used loader backhoes had the largest M/M auction value change, down 1.06%, while used mini excavators had the largest Y/Y auction value change, down 2.04%.

U.S. Used Aerial Lifts

• Inventory levels of used aerial lifts decreased 1.64% M/M and 3.18% Y/Y in September and are trending sideways. Used articulating boom lifts had the largest M/M inventory change, down 2.4%, while used telescopic boom lifts had the largest Y/Y inventory change, down 8.4%.
• Asking values showed marginal changes, increasing 0.66% M/M and decreasing 0.66% Y/Y, and are trending down. Used telescopic boom lifts posted the largest M/M asking value change, up 2.51%, while used rough-terrain scissor lifts had the largest Y/Y asking value change, up 3.08%.
• Auction values increased 0.05% M/M but fell 4% Y/Y and are trending down for the fifth month in a row. Used telescopic boom lifts had the largest M/M auction value change, up 3.5%, while used rough-terrain scissor lifts posted the largest Y/Y auction value change, down 4.56%.

U.S. Used Forklifts

• Used forklift inventory levels jumped 2.69% M/M and 13.29% Y/Y in September and continued a five-month-long upward trend. Used pneumatic-tire forklifts had the largest M/M inventory shift, up 3.48%, while used cushion-tire forklifts had the largest Y/Y inventory change, up 14.78%.
• Asking values decreased 0.25% M/M and 2.27% Y/Y and are trending sideways. Used cushion-tire forklifts had the largest M/M asking value change, up 1.1%, and the largest Y/Y asking value change, down 5.11%.
• Auction values decreased 1.39% M/M and 4.83% Y/Y and are trending down. Used cushion-tire forklifts had the largest auction value changes, down 3.37% M/M and 13.7% Y/Y.

U.S. Used Telehandlers

• Inventory levels of U.S. used telehandlers decreased 0.56% M/M and 7.66% Y/Y in September and are trending sideways.
• Asking values decreased 1.44% M/M and 8.73% Y/Y and are trending down.

Auction values showed a similar pattern, decreasing 2.16% M/M and 7.75% Y/Y and trending down.