Sandhills Global Market Data Shows Dropping Used Inventory Levels and Increasing Asset Values Across Farm Equipment and Heavy-Duty Truck Markets
LINCOLN, Neb., Oct. 6, 2020 -- A new Sandhills Global market data report indicates that inventory levels play a large role in the average value of used equipment. Due to the seasonal trends across the agricultural equipment, commercial truck, and heavy machinery markets, it's essential that sellers compare current values to the historic rise and fall of used equipment values. For its market reports, Sandhills examines the long-term market history across a wide range of used equipment industries along with current trends to provide sellers with the most valuable market perspective.
The used inventory on TruckPaper.com, MachineryTrader.com, TractorHouse.com, AuctionTime.com, and Sandhills' other industry-leading websites and trade publications provide an enormous share of the data that Sandhills tracks for its analysis and reporting. This data is reflected in Sandhills' Used Price Index. Note the following in reference to the accompanying charts:
- With used heavy-duty truck inventory continuing to decline, Sandhills market data shows ongoing value increases; average values for sleeper trucks underscored these market factors with a 4 percentage point improvement year-over-year.
- Recovery in the farm equipment market was highlighted by a 2.78% YOY gain in September, guided in part by tractor inventory trending down year-to-date across horsepower groups. The reduction in used tractor inventory contributed to average YOY price increases across all tractor segments.
- In the heavy-duty construction market, the 4.07% YOY decrease was driven by average price declines YOY in the 0- to 5-year age groups within the excavator and dozer categories.
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About Sandhills Global
Sandhills Global is an information processing company headquartered in Lincoln, Nebraska. Our products and services gather, process, and distribute information in the form of trade publications, websites, and online services that connect buyers and sellers across the construction, agriculture, forestry, oil and gas, heavy equipment, commercial trucking, and aviation industries. Our integrated, industry-specific approach to hosted technologies and services offers solutions that help businesses large and small operate efficiently and grow securely, cost-effectively, and successfully. Sandhills Global—we are the cloud.
About Sandhills Used Price Index
Sandhills Used Price Index 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 Sandhillls' marketplaces. Powered by FleetEvaluator, Sandhills' proprietary asset valuation tool, the Used Price Index provides useful insights into the ever-changing supply-and-demand conditions for each industry.
SOURCE Sandhills Publishing Company