Sandhills Global released the 2025 August reports for the agricultural market.
U.S. Used Tractors 100 Horsepower and Greater
- Inventory levels in this market continued their downward trend in August with decreases of 1.85% M/M and 7.52% Y/Y. The 100- to 174-horsepower tractor category made the biggest impact on inventory in the overall market, with inventory levels dropping 2.87% M/M and 16.55% Y/Y.
- Asking prices continued dropping as well, posting decreases of 0.11% M/M and 6.22% Y/Y in July. 300-plus-HP tractors led other categories in asking price changes with decreases of 0.66% M/M and 6.29% Y/Y.
- Auction values are also trending down. Auction values decreased by 0.47% M/M in August, led by the 300-plus-HP tractor category with a 1.45% M/M decrease. Auction values were down 2.95% Y/Y, with 175- to 299-HP tractors leading other categories with a 4.19% Y/Y drop.
- The EVI spread, which measures the percentage difference between asking and auction values, held steady at 39%. This is close to peak values observed in 2015.
U.S. Used Combines
- Inventory levels of used combine harvesters fell 6.62% M/M and 11.86% Y/Y in August and are trending down.
- Asking prices are also trending down, posting 5.84% M/M and 2.82% Y/Y drops in August.
- Auction values fell 5.02% M/M but were up 6.17% Y/Y and are trending sideways.
- The EVI spread remained at 43%, which is lower than the peak values seen in 2015.
U.S. Used Sprayers
- Inventory levels of used sprayers have been trending downward for six months. In August, inventory levels were up 1.17% M/M but down 10.13% Y/Y.
- Asking values have been trending down for five months in a row. This trend continued in August with decreases of 0.16% M/M and 3.75% Y/Y.
- Auction values, on the other hand, are trending sideways, rising 1.29% M/M and 4.39% Y/Y in August.
- The EVI spread for used sprayers dropped two points to 41%, lower than the 2015 peak values.
U.S. Used Planters
- Inventory levels in the U.S. used planter market fell 1.04% M/M and 21.22% Y/Y in August and are trending sideways.
- Asking values are also trending sideways, posting increases of 4.57% M/M and 0.48% Y/Y in August.
- Auction values were up 3.34% M/M and 7.78% Y/Y and are trending up.
- The EVI spread in this market increased one point from July to 52%, which is still lower than the peak values observed in 2015.
U.S. Used Compact and Utility Tractors
- Inventory levels in this market continued a 10-month-long downward trend in August, with decreases of 2.78% M/M and 24.32% Y/Y. The less-than-40-HP tractor category posted the largest drops, down 3.73% M/M and 27.68% Y/Y.
- Asking values are trending up, following increases of 0.65% M/M and 0.97% Y/Y in August. 40- to 99-HP tractors led other categories in M/M asking value increases with a 1.2% gain, while less-than-40-HP tractors took the lead in Y/Y decreases with a 1.53% drop.
- Auction values are also trending up. Auction values rose marginally M/M in August, by 0.4%, and by 2.06% Y/Y. The 40- to 99-HP tractor category showed both the largest M/M auction value increase at 0.94% and the largest Y/Y increase at 0.24%.
