Sandhills Report: Used Farm Ag & Truck Values Climb; Construction Values Steady
SEP 15, 2021 - 6:10 am
While inventory levels within Sandhills Global marketplaces have ticked back down in August after leveling off briefly, auction and asking values for used agricultural equipment and heavy-duty trucks are continuing a sharp ascent, according to a new Sandhills Global Market Report. Auction and asking values for construction equipment, meanwhile, held steady in August.
The key metric used in this reporting is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions.
Sandhills Market Reports highlight the most significant changes in the used heavy-duty truck, construction equipment, and farm machinery markets. Each report includes detailed analysis and charts that help readers visualize the data. The latest report demonstrates that it takes some time for auction and asking value trends to catch up with changes in inventory level trends.
U.S. Used Heavy-Duty Trucks
The Sandhills EVI for trucks, including used sleeper and day cabs, posted a 59.3% year-over-year value increase within the auction market and a 36.5% YOY increase in asking values.
When comparing August to July 2021, Sandhills noted a $2,000-plus month-over-month increase in heavy-duty truck auction and asking values.
Inventory in this market ticked back down, by approximately 1,000 units, after leveling off for two months.
U.S. Used Heavy-Duty Construction Equipment
The Sandhills EVI for the construction market indicated a 16.8% YOY value increase, with the asking EVI up 11.9% YOY.
Asking and auction values in this market have remained fairly flat since May 2021 following a steady increase that began in August 2020.
Used construction equipment inventory levels were about 1,400 units lower in August (at 36,423 units) than in the previous uptick period in June (37,841 units).
U.S. Used Agriculture Equipment
The Sandhills EVI for the farm machinery market charted a 20.3% YOY increase in auction values. The asking EVI YOY variance showed a 12% YOY improvement.
While ag equipment values continued trending upward in August compared to July, inventory levels continued to decline month-over-month.
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