The U.S. used construction equipment market saw continued downward pressure on equipment values in October, with asking and auction values declining across heavy-duty and medium-duty construction equipment, aerial lifts, forklifts and telehandlers. Inventory trends were more varied, with some segments recording monthly and annual gains while others continued to experience year-over-year declines. Here’s a closer look at the latest market trends from Sandhills Global:
U.S. Used Heavy-Duty Construction Equipment
- Inventory levels in this market increased 0.73% M/M but decreased 9.62% Y/Y in October and are trending down. Used crawler dozers had the largest M/M inventory change, up 1.55%, while used wheel loaders posted the largest Y/Y decline of 12.27%.
- Asking values decreased 0.95% M/M and 3.64% Y/Y and are trending down for the sixth consecutive month. Used crawler excavators had the largest asking value changes, down 2.62% M/M and 6.29% Y/Y.
- Auction values fell 2.04% M/M and 4.95% Y/Y and are trending down for the fifth month in a row. Used crawler excavators posted the largest auction value decreases, dropping 4.05% M/M and 6.31% Y/Y.
U.S. Used Medium-Duty Construction Equipment
- Inventory levels of used medium-duty construction equipment increased 3.04% M/M but decreased 10.23% Y/Y in October and are trending sideways. Used mini excavators had the largest M/M inventory increase at 5.65%, while used loader backhoes posted the steepest Y/Y decline of 23.18%.
- Asking values fell 0.56% M/M and 1.18% Y/Y and are trending down. Used loader backhoes had the largest M/M asking value decrease at 1.01%, while used mini excavators had the largest Y/Y decline of 3.17%.
- Auction values decreased 1.16% M/M and 1.09% Y/Y and are trending down. Used mini excavators had the largest auction value changes, down 2.89% M/M and 3.58% Y/Y.
U.S. Used Aerial Lifts
- Inventory levels of used aerial lifts increased 6.59% M/M and 4.12% Y/Y in October and are trending up. Used slab scissor lifts had the largest M/M inventory increase at 7.33%, while used articulating boom lifts posted the strongest Y/Y gain of 13.7%.
- Asking values decreased 2.33% M/M and 2.76% Y/Y and have been trending down for five months. Used rough-terrain scissor lifts had the largest M/M asking value decline at 3%, while used telescopic boom lifts had the largest Y/Y decrease of 4.29%.
- Auction values dipped 0.22% M/M and fell 3.6% Y/Y and are trending down for the sixth consecutive month. Used articulating boom lifts had the largest auction value decreases, down 0.93% M/M and 4.45% Y/Y.
U.S. Used Forklifts
- Used forklift inventory levels decreased 2.79% M/M but climbed 11.41% Y/Y in October and are trending up for the sixth consecutive month. Used cushion-tire forklifts had the largest inventory changes, down 4.46% M/M and up 14.06% Y/Y.
- Asking values declined 1.97% M/M and 4.33% Y/Y and are trending down. Used cushion-tire forklifts posted the largest asking value decreases, falling 2.21% M/M and 7.19% Y/Y.
- Auction values decreased 1.34% M/M and 5.95% Y/Y and are trending down. Used cushion-tire forklifts had the largest auction value declines, dropping 3.11% M/M and 15.16% Y/Y.
U.S. Used Telehandlers
- Inventory levels of U.S. used telehandlers increased 0.91% M/M but decreased 3.95% Y/Y. Used telehandler inventory levels are currently trending up.
- Asking values declined 1.39% M/M and 8% Y/Y and are trending down for the fifth consecutive month.
- Auction values decreased 0.39% M/M and 5.88% Y/Y and have been trending down for five months.
