Sandhills: Construction Equipment Asking and Auction Values and Inventory Levels Trend Down



Sandhills Global’s November 2024 Construction Report showed a general decrease in inventory levels, asking values and auction values for medium- and heavy-duty construction equipment.

U.S. Used Medium-Duty Construction Equipment

  • Inventory levels in this market are trending steady. In November, inventory decreased by 1.14% M/M but was 19.2% higher than last year. The wheel skid steer category showed the largest M/M inventory decrease at 3.33%, and showed the largest Y/Y inventory increase at 29.17%.
  • Asking values have been trending downward for several months. In November, asking values were down 1.83% M/M and 5.99% Y/Y. The loader backhoe category posted the largest M/M asking value decrease at 3.48%, while the wheel skid steer category showed the largest Y/Y asking value decrease at 8.62%.
  • Auction values have also been trending downward. In November, auction values decreased by 0.88% M/M and 7.7% Y/Y. The loader backhoe category showed the largest M/M auction value decrease at 3.35%, while the wheel skid steer category posted the largest Y/Y auction value decrease at 12.38%.

U.S. Used Heavy-Duty Construction Equipment

  • Inventory levels in the U.S. heavy-duty construction equipment market were down 1.08% M/M in November but are still up 16.78% Y/Y. The wheel loader category posted the largest M/M inventory decrease at 2.07%, while also exhibiting the largest Y/Y inventory increase at 32.03%.
  • Asking values in this market decreased by 1.42% M/M and were down 6.48% Y/Y. The crawler dozer category showed the steepest M/M asking value decrease at 1.98%, while the crawler excavator category posted a Y/Y asking value drop at 7.63%.
  • Auction values in the U.S. heavy-duty construction equipment market were essentially flat, increasing by 0.02% M/M, but were down 9.38% Y/Y. The crawler excavator category showed the largest M/M auction value increase at 2.7%, while the wheel loader category posted the largest Y/Y auction value decrease at 10.5%.

Sandhills also released its November 2024 Construction Report for Canada.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com