The U.S. used construction equipment market continued to show signs of cooling in April, according to the latest Sandhills Global construction market report. Inventory levels declined across most heavy- and medium-duty equipment categories, while asking and auction values generally softened or held steady. Forklifts remained an outlier with rising inventory, though pricing trends in that segment also moved lower.
U.S. Used Heavy-Duty Construction Equipment
- Inventory levels in this market fell 0.38% M/M and 11.05% Y/Y in April and are trending down. Used wheel loaders posted the largest inventory changes for the month, up 2.52% M/M and down 13.27% Y/Y.
- Asking values decreased 0.44% M/M and 2.64% Y/Y and are trending sideways. The most substantial changes occurred among used crawler dozers, with asking values down 0.94% M/M, and used wheel loaders, down 4.18% Y/Y.
- Auction values slipped 1.09% M/M and 0.75% Y/Y and are trending sideways. Used crawler dozers posted the largest M/M auction value change, down 2.12%. Used crawler excavators had the largest Y/Y auction value change with a 1.34% decrease.
U.S. Used Medium-Duty Construction Equipment
- Inventory levels of used medium-duty construction equipment, which includes skid steers, loader backhoes, and mini excavators, fell 2.68% M/M and 16.16% Y/Y in April and are trending down. Inventory levels in this market have been trending down for six months. Sandhills observed the largest inventory changes in the used mini excavator category, down 6.2% M/M, and the used loader backhoe category, down 27.94% Y/Y.
- Asking values dipped 0.4% M/M and 0.6% Y/Y in April and are trending sideways. Used loader backhoes had the largest M/M asking value change, down 0.77%, while used wheel skid steers posted the largest Y/Y asking value change, down 1.37%.
- Auction values slipped 0.53% M/M but inched up 0.19% Y/Y and are trending up. Used loader backhoes had the largest M/M auction value change, down 0.92%, while used mini excavators posted the largest Y/Y auction value change with a 2.04% decrease.
U.S. Used Aerial Lifts
- Inventory levels in this market decreased 0.66% M/M and 0.81% Y/Y in April and are trending sideways. The largest inventory level shifts were among used rough-terrain scissor lifts, down 2.17% M/M, and used articulating boom lifts, up 14.16% Y/Y.
- Asking values posted modest changes, decreasing by 0.51% M/M and 1.01% Y/Y, and are trending sideways. Used rough-terrain scissor lifts had the largest M/M asking value change, down 3.19%, while used articulating boom lifts posted the largest Y/Y asking value change, down 1.84%.
- Auction values were down 0.45% M/M and 4.09% Y/Y in April and are trending sideways. Used articulating boom lifts had the largest M/M auction value change, falling 4.54%, while used rough-terrain scissor lifts posted the largest Y/Y auction value change with a 5.22% decrease.
U.S. Used Forklifts
- Inventory levels in this market increased 0.78% M/M and 18.68% Y/Y in April and are trending sideways. Used cushion-tire forklifts posted the largest inventory changes, up 1.1% M/M and 22.71% Y/Y.
- Asking values decreased 2.03% M/M and 3.47% Y/Y and are trending down. Used cushion-tire forklifts again had the largest asking value changes, down 4.89% M/M and 8.44% Y/Y.
- Auction values slipped 0.63% M/M and 2.92% Y/Y and are trending down. Used cushion-tire forklifts posted the largest auction value shifts, down 7.8% M/M and 6.89% Y/Y.
U.S. Used Telehandlers
- Inventory levels of U.S. used telehandlers fell 1.76% M/M and 1.86% Y/Y in April and are trending sideways.
- Asking values decreased 0.78% M/M and 4.42% Y/Y and are trending down.
- Auction values slipped 0.74% M/M and 3.69% Y/Y and are trending sideways.
