Sandhills Global: Construction Equipment Auction Values Trend Downward and Sideways

OCT 7, 2024 - 6:10 am

Sandhills Global’s September 2024 U.S. construction report revealed that inventory levels are trending upward for used heavy- and medium-duty construction equipment, as well as used lifts. Asking values were up for heavy-duty equipment and lifts, though they continued to fall for medium-duty equipment.

U.S. Used Heavy-Duty Construction Equipment

Inventory levels have been rising for months in this market, which includes used crawler excavators, dozers, and wheel loaders in Sandhills’ U.S. marketplaces. Inventory levels were up 0.78% M/M and 21.54% YOY. However, no categories have reached pre-COVID levels yet.
Asking values increased by 0.46% M/M but are trending downward and were 4.35% lower YOY.
Auction values decreased by 0.6% M/M and 9.49% YOY, continuing months of declines. The used excavator and wheel loader categories posted YOY decreases slightly above 10%.

U.S. Used Medium-Duty Construction Equipment

Inventory levels are trending upward in this market, which includes used skid steers, loader backhoes, and mini excavators in Sandhills’ U.S. marketplaces. Inventory was down 1.62% M/M but up 36.26% YOY in September. While all categories showed negligible M/M inventory decreases, track skid steers exhibited the strongest YOY increase at 43.28%, followed by wheel skid steers, up 42.62%.
Asking and auction values have been falling for several months. Asking values were down 0.63% M/M and 6.23% YOY in September.
Auction values decreased by 0.62% M/M and 9.59% YOY. The used skid steer and mini excavator categories each posted a roughly 10% YOY drop in auction values.

U.S. Used Lifts

Inventory levels in this market increased by 5.6% M/M and 21.54% YOY following months of growth. The used rough terrain scissor lift category exhibited the most dramatic increases, up 12.9% M/M and 43.34% YOY, compared to other used lift equipment categories. Also noteworthy, inventory in the used telehandler category was 62.1% higher than year-ago levels.
Asking values were up 1.17% M/M but down 8.15% YOY and are trending downward. In the used pneumatic-tire and cushion tire forklift categories, asking values were down 12.6% and 12.7% YOY, respectively.
Auction values were up 1.14% M/M, down 12.62% YOY, and are trending sideways. Again, the used pneumatic-tire and cushion tire forklift categories showed the most significant YOY decreases, down 20.06% and 18.83%, respectively.

Sandhills also released its September 2024 construction report for Canada.

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