According to a new global market report from Sandhills Global, inventory levels have flattened across Sandhills’ marketplaces, particularly in the heavy-duty truck and farm equipment markets.
Heavy-duty truck inventories, for example, have been flat for four consecutive months, while agricultural equipment inventories have been leveling off since Q4/21. Both segments had previously experienced steady inventory declines since Q2/20.
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.
Sandhills’ market reports highlight the most significant changes in Sandhills’ used heavy-duty truck, construction equipment and farm machinery markets.
U.S. Used Heavy-Duty Trucks
U.S. Used Heavy-Duty Construction Equipment
U.S. Used Farm Equipment
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