Sandhills Global released its July 2026 agricultural equipment reporting. Used agricultural equipment markets continued to show signs of tightening in July, with inventories declining year over year across nearly every major equipment category tracked by Sandhills Global. High-horsepower tractors, combines, sprayers, planters, compact and utility tractors, and self-propelled forage harvesters all posted year-over-year inventory declines, with some categories seeing particularly steep reductions.
Despite tighter inventories, values remained relatively resilient. Asking and auction values generally moved modestly month over month, with several categories posting year-over-year gains. The combination of declining supply and relatively stable values suggests continued underlying strength in the used equipment market, even as individual segments show different trends.
U.S. Used Tractors 100 Horsepower and Greater
- Inventory levels in the used high-HP tractor market decreased 2.04% M/M and 16.75% Y/Y in July and are trending down, continuing a pattern that has persisted for 14 months. Used 100-to-174-HP tractors had the largest inventory changes, down 6.65% M/M and 23.76% Y/Y.
- Asking values were stable, decreasing 0.44% M/M and 0.04% Y/Y, and are maintaining a steady trend. Used 175-to-299-HP tractors had the largest asking value changes, up 1.69% M/M and 1.85% Y/Y.
- Auction values decreased 1.55% M/M but increased 2.97% Y/Y and are trending sideways. Used 100-to-174-HP tractors had the largest M/M auction value change, down 2.27%, while used 175-to-299-HP tractors had the largest Y/Y auction value change, up 3.73%.
- The EVI spread was 33%, which is a one-percentage-point increase from June but still lower than the peak values observed in 2015.
U.S. Used Combines
- Used combine harvester inventory levels fell 3.29% M/M and 11.79% Y/Y in July and are trending down.
- Asking values had modest decreases of 0.55% M/M and 1.69% Y/Y and are trending down.
- Auction values showed marginal changes, decreasing 0.49% M/M and increasing 0.38% Y/Y, and are trending down.
- The EVI spread was 38%, showing no change from June and remaining lower than the peak values observed in 2015.
U.S. Used Sprayers
- Inventory levels of used sprayers ticked up 2.63% M/M but dropped 19.29% Y/Y in July and have been trending down for eight consecutive months.
- Asking values decreased 1.9% M/M and 5.36% Y/Y and are trending down.
- Auction values decreased 3.97% M/M and 5.14% Y/Y and are trending down.
- The EVI spread jumped from 37% in June to 40% in July but remained lower than the peak values observed in 2015.
U.S. Used Planters
- Used planter inventory levels rose 9.11% M/M but dropped 15.88% Y/Y in July and are trending sideways.
- Asking values decreased 2.98% M/M but increased 4.46% Y/Y and are trending sideways.
- Auction values slipped 1.12% M/M but increased 12.45% Y/Y and are trending up.
- The EVI spread decreased from 49% in June to 47% in July and remained lower than the peak values observed in 2015.
U.S. Used Compact and Utility Tractors
- Inventory levels in this market decreased 1.34% M/M and 25.47% Y/Y in July and have been trending down for nine consecutive months. Used 40-to-99-HP tractors had the largest M/M inventory change, down 4.56%, while used tractors with less than 40 HP had the largest Y/Y inventory change, down 26.69%.
- Asking values increased 0.2% M/M and 1.49% Y/Y and are trending sideways. Used 40-to-99-HP tractors had the largest asking value changes, up 0.34% M/M and 1.72% Y/Y.
- Auction values increased 0.41% M/M and 2.02% Y/Y and are trending sideways. Used 40-to-99-HP tractors had the largest auction value changes, up 0.89% M/M and 2.16% Y/Y.
U.S. Used Self-Propelled Forage Harvesters
- Inventory levels in this market showed a slight increase of 0.6% M/M in July but decreased 5.11% Y/Y and are trending down.
- Asking values increased 2.72% M/M and 0.08% Y/Y and are trending up.
- Auction values were relatively stable, decreasing 0.16% M/M but increasing 1.36% Y/Y, and are trending sideways.
