Sandhills Global released the September 2025 Construction Equipment Report, as well as the Canadian counterpart, revealing the following datapoints for the U.S.:
U.S. Used Heavy-Duty Construction Equipment
- Inventory levels in this market decreased by 1.72% M/M and 11.04% Y/Y and are trending downward. The used dozer category had the largest M/M inventory level decrease in September, down 2.33%, while used crawler excavators had the largest Y/Y decline, down 13.78%.
- Asking values decreased by 1.22% M/M and 2.75% Y/Y in September and are trending downward. Used crawler excavators led in monthly declines, with asking prices down 2.87% M/M. Used wheel loaders posted the largest Y/Y asking price decrease at 5.63%.
- Auction values dipped 0.48% M/M and rose 1.21% Y/Y in September and are trending downward. Used wheel loaders led other categories in monthly auction value decreases, down 2.51%, while used dozers showed a noteworthy Y/Y increase at 3.02%.
U.S. Used Medium-Duty Construction Equipment
- Inventory levels in this market increased 1.86% M/M in September but decreased 8.31% Y/Y and are trending down. The used mini excavator category exhibited the largest M/M inventory increase at 4.7%, while used loader backhoes led other categories in Y/Y inventory decreases with a 19.73% drop.
- Asking values decreased by 1.06% M/M and 0.91% Y/Y and are trending sideways. Used loader backhoe asking prices decreased by 1.69% M/M, more than other categories, while used track skid steers led in Y/Y asking value decreases at 3.56%.
- Auction values in this market are also trending sideways. Auction values were down 1.78% M/M but up 1.52% Y/Y in September. The used loader backhoe category had the largest M/M auction value decrease at 3.06% and the largest Y/Y auction value increase at 1.99%.
U.S. Aerial Lifts
- Inventory levels of used aerial lifts are trending upward despite a 1.03% M/M decrease in September. Inventory levels showed a modest 0.92% Y/Y increase. Used slab scissor lifts had the largest M/M inventory level decrease at 1.51%, while used rough terrain scissor lifts increased the most Y/Y at 18.73%.
- Asking values continued a 7-month-long downward trend with decreases of 1.66% M/M and 8.73% Y/Y in September. Used telescopic boom lift asking prices decreased the most, with a 3.78% drop. Used slab scissor lifts showed the largest Y/Y asking price decrease, falling 12.75%.
- Auction values are also trending downward. Auction values dropped 5.18% M/M and 11.06% Y/Y in September. Used telescopic boom lifts had the largest auction value decreases, down 9.57% M/M and 17.24% Y/Y.
U.S. Forklifts
- Used forklift inventory levels have been trending up for eight consecutive months. Inventory levels rose sharply in September, up 4.95% M/M and 28.92% Y/Y. Used pneumatic-tire forklifts constitute the leading growth category, with inventory gains of 7.42% M/M and 31.69% Y/Y.
- Asking values were down slightly in September, by 0.38% M/M and 0.26% Y/Y, and are trending down. Used pneumatic-tire forklifts were the standout category for asking price changes as well, posting decreases of 0.68% M/M and 1.06% Y/Y.
- Auction values decreased by 2.87% M/M and 4.79% Y/Y in September, continuing an 8-month-long downward trend. Once again, used pneumatic-tire forklifts led other categories in changes with decreases of 6.12% M/M and 8.89% Y/Y.
U.S. Telehandlers
- Inventory levels of used telehandlers rose 1.38% M/M and 19.65% Y/Y, continuing a 31-month-long upward trend.
- Asking prices were down 0.45% M/M and 3.63% Y/Y and are trending sideways.
- Auction values decreased by 0.82% M/M and 4.19% Y/Y and are trending down.
