Used Equipment Values Continue Upward Trend in May

Year-over-year improvements in asking and auction values continue to be the trend across the used construction equipment, agricultural equipment and commercial truck markets, according to a new report from Sandhills Global.

Of the three markets, farm equipment has exhibited the smallest value increases, while the Sandhills Equipment Value Index (EVI) for heavy-duty trucks has shown the most pronounced increase, posting a 39.2% year-over-year increase within the auction market and a 10.8% year-over-year increase in asking values in May.

U.S. Used Heavy-Duty Trucks

  • In addition to the 39.2% year-over-year increase in auction values and 10.8% year-over-year increase in asking values, values are up within the sleeper truck category.
  • Auction values for sleeper trucks have posted a 10-percentage-point improvement compared with April 2021, moving up to a 56.9% year-over-year increase from a 47.2% year-over-year increase, while asking values have risen eight percentage points to a 19.6% year-over-year increase.

U.S. Used Heavy-Duty Construction Equipment

  • The Sandhills EVI for used construction equipment has posted a two-percentage-point increase in both auction values (up 18.5% year over year) and asking values (up 11.5% year over year).
  • Minor value increases also are present within the crawler dozer category. Dozer auction values are up 11.7% year over year in May compared with a 10.9% year-over-year increase in April, while dozer asking values are up 5.7% year-over-year this month compared with a 5.2% year-over-year increase last month.

U.S. Used Agriculture Equipment

  • The Sandhills EVI for used farm equipment has posted a 13.1% year-over-year increase within the auction market this month, up just slightly from a 13% year-over-year increase posted last month. Asking values have risen to an 8.3% year-over-year increase this month, which is also a modest improvement over the previous month’s 7.5% year-over-year increase.
  • Looking at the 300-plus-horsepower tractor category, the Sandhills Auction EVI has posted a 10.4% year-over-year increase this month, while asking values have posted a 4.35% year-over-year increase. Both of these increases represent a 1% improvement compared with last month.

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Terry Mulreany
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