Skid Steer Auction and Retail Values Improved in July

New market reporting from Sandhills Global shows substantial year-over-year gains in skid steer retail and auction values within Sandhills’ marketplaces over the three-month period ending July 31. Based on analysis of more than 20,000 data points, the Sandhills Equipment Value Index (EVI) identified a 13% improvement in auction values and a 7% improvement in retail values for skid steers, including track and wheel models.

Skid steer values for the three-month period ending in July are higher than anything Sandhills has reported historically. A combination of increasing demand and decreasing inventory is driving these changes. Focusing in on specific time periods and track vs. wheel skid steers, Sandhills’ reporting shows:

  • Track skid steers posted an 8% year-over-year improvement in retail EVI and a 13% year-over-year improvement in auction EVI in July.
  • Wheel skid steers were up 5% year over year in retail EVI and up 10% year over year in auction EVI in July.
  • The Sandhills EVI showed unit drops within the skid steer market of 2,424 units in the three months ending in July compared with more than 3,100 units in the same period last year, or a 22% year-over-year decrease in units sold, largely due to a 46% year-over-year drop in inventory, with 9,300 units currently vs. 17,300 units last year.

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Terry Mulreany
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