Inventory levels of used construction equipment on Machinery Trader and other Sandhills Global platforms shifted from a sideways to a downward trend in July, according to the latest Sandhills market reports. This shift reflects a typical summertime lull in the machinery market. Used crawler excavators and mini excavators led the way in inventory decreases in the heavy-duty and medium-duty equipment markets, respectively.

The market reports cover construction equipment, farm machinery, trucks, and trailers on Sandhills platforms. In agricultural equipment markets, used 100-plus-horsepower tractor inventory levels, asking prices, and auction values continued a downward trend in July, while used compact tractor auction values are trending up. In transportation markets, high returns on individual used sleeper trucks are driving heavy-duty truck values higher, while day cab asking values trend downward.

The key metric in all of Sandhills’ market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the information in the Sandhills EVI to monitor equipment markets and maximize returns on acquisition, liquidation, and related business decisions. The Sandhills EVI data include equipment available in auction and retail markets and model-year equipment actively in use. EVI spread measures the percentage difference between asking and auction values.

Additional Market Report Takeaways
Sandhills market reports highlight the most significant changes in Sandhills’ used heavy-duty truck, semi-trailer, farm machinery, and construction equipment markets. Key points from the current reports are listed below. Full reports are available upon request.

U.S. Used Heavy-Duty Construction Equipment

• Inventory levels in this market decreased by 0.65% month over month and 7.72% year over year in July and are trending downward. Used crawler excavator inventory levels dropped more than other categories, by 1.41% M/M and 11.12% YOY.

• Asking values were down 0.31% M/M and 3.12% YOY and are trending downward. The used wheel loader category posted the largest YOY asking value decrease at 5.09%.

• Auction values decreased slightly in July, by 1.52% M/M and 0.63% YOY, and are trending sideways. Used wheel loaders led other categories in auction value decreases, falling 1.72% M/M and 4.01% YOY.

U.S. Used Medium-Duty Construction Equipment

• In July, used medium-duty construction equipment inventory levels fell 0.96% M/M and 9.52% YOY, led by used mini excavators with 3.09% M/M and 19.94% YOY decreases. Inventory levels in this market are trending downward.

• Asking values posted modest changes in July, up 0.02% M/M and down 0.28% YOY, and are trending upward. Used loader backhoes led other categories in M/M asking price increases, up 1.59%, while used track skid steers led in YOY decreases, down 3.22%.

• Auction values were down 0.76% M/M, up 2.02% YOY, and are trending sideways. The used track skid steer category showed the largest M/M auction value decline at 1.83%, while the used mini excavator category posted the largest YOY increase at 4.95%.

U.S. Aerial Lifts

• Inventory levels of used aerial lifts rose 2.07% M/M and 4.09% YOY in July and are trending up. Inventory levels of used rough terrain scissor lifts increased more than other categories, up 3.67% M/M and 29.17% YOY.

• Asking values decreased slightly M/M, by 0.49%, and dropped 5.64% YOY in July. Asking values in this market have been trending down for five consecutive months. Used telescopic boom lifts led other categories in M/M asking value decreases at 2.02%, while rough terrain scissor lifts led in YOY decreases at 8.69%.

• Auction values decreased by 0.63% M/M and 2.94% YOY and are trending downward. Sandhills observed the largest category decreases in used telescopic boom lifts, down 3.31% M/M, and used slab scissor lifts, down 8.29% from year-ago levels.

U.S. Forklifts

• Used forklift inventory levels have been trending up for six months in a row. Inventory levels rose 6.29% M/M and 34.99% YOY in July, led by the used cushion tire forklift category with increases of 8.56% M/M and 37.37% YOY.

• Asking values decreased by 1.36% M/M and 3.29% YOY in July and are trending sideways. Used cushion tire forklift asking prices decreased more than other categories M/M, down 2.81%, while used pneumatic-tire forklifts led in YOY decreases with a 6.21% change.

• Auction values decreased by 1.22% M/M and 6.64% YOY, continuing a six-month-long downward trend. The categories with the largest changes in July were used cushion tire forklifts, down 2.4% M/M, and used pneumatic-tire forklifts, down 7.61% YOY.

U.S. Used Heavy-Duty Trucks

• Inventory levels in this market increased by 1.88% M/M in July but fell 17.17% YOY and are trending sideways. Used day cab trucks showed the largest M/M inventory increase at 5.38%, while used sleeper trucks had the largest YOY decrease at 25.04%.

• Asking values increased by 3.57% M/M and 0.08% YOY in July and are trending up. Used sleeper trucks posted the largest M/M asking value increase at 4.47%, while used day cab trucks had the largest YOY asking value decrease at 6.27%.

• Auction values are also trending up, with increases of 5.99% M/M and 1.31% YOY in July. The used sleeper truck category posted the largest auction value changes, up 6.56% M/M and 7.45% YOY.

The Sandhills Equipment Value Index (EVI) is a principal gauge of the estimated market values of used assets—both currently and over time—across the construction, agricultural, and commercial trucking industries represented by Sandhills Global marketplaces, including AuctionTime.com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and other industry-specific equipment platforms.