Sandhills Global released its May 2025 Construction Equipment report, revealing a downward trend in inventory levels, for various construction equipment. The report also revealed downward and sideways trends in asking and auction values.
U.S. Used Heavy-Duty Construction Equipment
- Inventory levels in this market have been trending downward for five months. In May, inventory levels increased by 1.23% M/M but were down 2.52% Y/Y. The used wheel loader category exhibited the largest M/M inventory increase at 1.7%, while used crawler excavators posted the largest Y/Y inventory decrease at 5.83%.
- Asking values are on a steady trend despite decreases of 1.9% M/M and 3.91% Y/Y in May. Used dozers led other categories in M/M asking value decreases at 2.46%, while used crawler excavators led other categories in Y/Y asking value decreases at 5.11%.
- Auction values are also trending sideways, with decreases of 0.69% M/M and 1.4% Y/Y in May. The used dozer category posted the largest M/M auction value decrease at 1.85%, while used wheel loaders had the largest per-category Y/Y auction value decrease at 5.42%.
U.S. Used Medium-Duty Construction Equipment
- Inventory levels in the U.S. used medium-duty construction market are trending down, with a 0.48% increase M/M, and a 2.06% decrease Y/Y in May. Used wheeled skid steers showed the largest M/M inventory increase at 4.85%, while used mini excavators exhibited the largest Y/Y inventory decrease at 11.98%.
- Asking values in this market are trending sideways, with a 0.92% decrease M/M and a 3.05% decrease Y/Y. The used loader backhoes category showed the largest M/M asking value decrease at 1.8%, while used track skid steers exhibited the largest Y/Y asking value decrease at 4.69%.
- Auction values are trending up despite May decreases of 0.81% M/M and 0.82% Y/Y. The used loader backhoes category showed the largest M/M auction value decrease at 2.6% and the largest Y/Y auction value decrease at 3.29%.
U.S. Used Lifts
- Inventory levels in the U.S. used lifts market have been trending upward, despite a slight decrease of 0.52% M/M in May, and are 14.3% higher Y/Y. The used pneumatic-tire forklift category exhibited the largest M/M inventory increase at 8.1%, while the used rough terrain scissor lift category showed the most significant Y/Y inventory growth at 31.89%.
- Asking values in this market decreased by 0.95% M/M and 8.16% Y/Y, maintaining a downward trend. The used rough terrain scissor lift category posted the largest M/M asking value decrease at 2.81%, and also showed the steepest Y/Y decline at 16.67%.
- Auction values decreased by 3.53% M/M and 7.04% Y/Y in May but kept a sideways trend. The used rough terrain scissor lift category experienced the largest M/M auction value decrease at 11.78%, and also had the largest Y/Y decrease at 13.82%.
Sandhills Global also released its May 2025 Construction Equipment report for Canada.
