According to a new market report from Sandhills Global, inventory declines in certain age groups are driving value increases in the heavy-duty truck, construction equipment and farm equipment markets.
For example, the five-year and younger and five- to 10-year age categories within the heavy-duty construction equipment market, which together account for two-thirds of construction equipment inventory, experienced a 46.7% year-over-year inventory decline from January 2021 to January 2022. Asking values in these two age groups, meanwhile, increased 8.8% year over year.
The key metric used in all of Sandhills’ market reports is the Sandhills Equipment Value Index (EVI), which is outlined in the charts below. For 2022, Sandhills has enhanced its EVI with new metrics. The data now includes model year equipment actively in use, which grows the used equipment population beyond what is available in auction and retail markets. New EVI data, already available for the United States, is also now available for Canada to better reflect machine values by location. The enhanced version of Sandhills’ EVI requires Sandhills to restate values starting in January 2022, so prior numbers will not be comparable to the new values.
U.S. Used Heavy-Duty Trucks
U.S. Used Heavy-Duty Construction Equipment
U.S. Used Farm Equipment
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