LINCOLN, Neb., Oct. 5, 2022 /PRNewswire/ — According to the latest market stories from Sandhills Global, stock ranges in the heavy-duty truck and semi-trailer classes have decreased two months in a row whereas public sale values remained regular in September. The stabilizing sample for these key markets follows an prolonged interval throughout which stock ranges grew considerably and public sale values declined. It’s additionally vital to notice that used heavy-duty truck and semi-trailer stock ranges in Sandhills marketplaces are nonetheless nicely above these reported for September 2021.
The key metric used in all of Sandhills’ market stories is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the data in the Sandhills EVI to watch gear markets and maximize returns on acquisition, liquidation, and associated business choices. The Sandhills EVI knowledge embody gear accessible in public sale and retail markets, in addition to mannequin yr gear actively in use. Regional EVI knowledge is on the market for the United States (and key geographic areas inside) and Canada, permitting Sandhills to replicate machine values by location.
Chart Takeaways
Sandhills Market Reports spotlight probably the most vital modifications in Sandhills’ used truck and trailer, building gear, and farm equipment markets. Each report consists of detailed evaluation and charts that assist readers visualize the info. Sandhills gives an entire view of the gear market traits with its latest market stories, detailing the essential patterns in markets like medium-duty vans and medium-duty building gear.
U.S. Used Heavy-Duty Trucks
- The Sandhills EVI reveals used heavy-duty truck stock decreased 2.7% month-over-month in September, following a 5% M/M drop from July to August. Heavy-duty truck stock ranges have been nonetheless up 20.9% year-over-year.
- Auction EVI was regular (reducing 0.1%) M/M and elevated 12.4% YOY.
- Heavy-duty truck asking values continued to comply with traits set by public sale values in prior months. Asking EVI decreased 0.8% M/M, marking the fourth consecutive month of asking worth decreases, and elevated 25.8% YOY.
U.S. Used Semi-Trailers
- In September, semi-trailer stock ranges have been down 3.7% M/M and up 37% YOY.
- Similar to the flattening public sale values seen in heavy-duty vans, semi-trailer public sale values decreased simply 0.7% M/M and elevated 12.7% YOY.
- September marked the fourth consecutive month of declines in semi-trailer asking values. Asking EVI decreased 4.5% M/M and elevated 31.7% YOY.
U.S. Used Medium-Duty Trucks
- With stock ranges reducing 1.2% M/M in September, medium-duty truck stock ranges continued their gradual decline. YOY, nonetheless, stock ranges confirmed a 57% enhance.
- Medium-duty truck asking and public sale values have been sluggish in current months. Auction EVI decreased 2.9% M/M, and values have been almost flat (up 0.6%) YOY.
- Asking EVI decreased 0.5% M/M and elevated 16% YOY.
U.S. Used Heavy-Duty Construction Equipment
- The Sandhills EVI reveals used stock ranges dropped 3.1% M/M for heavy-duty building gear; stock ranges additionally stay decrease than final yr, having decreased 34.8% YOY.
- Auction EVI for heavy-duty building gear was flat (up 0.1%) M/M and elevated 7.5% YOY.
- Asking EVI elevated 1.1% M/M, a slight rise following a 0.4% July-to-August worth drop, and elevated 8.1% YOY.
U.S. Used Medium-Duty Construction Equipment
- Used medium-duty building gear stock ranges decreased 3.4% M/M and decreased 22% YOY.
- With a 1.5% M/M public sale worth lower in September, public sale EVI in this class has proven 4 consecutive months of decreases. Auction EVI elevated 4.8% YOY.
- Asking values in the medium-duty building market has been slowly reducing in current months. Asking EVI decreased 0.26% M/M and elevated 11.3% YOY.
U.S. Used Farm Equipment
- Used farm gear stock ranges have been regular for a number of months, growing 2.5% M/M in September. Inventory can be decrease than final yr, down 16% YOY.
- Auction EVI decreased 1.1% M/M however stays larger than final yr, up 5.6%.
- Asking EVI decreased 0.6% M/M however can be above final yr, up 7.3% YOY.
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About Sandhills Global
Sandhills Global is an info processing firm headquartered in Lincoln, Nebraska. Our merchandise and companies collect, course of, and distribute info in the type of commerce publications, web sites, and on-line companies that join consumers and sellers throughout the development, agriculture, forestry, oil and gasoline, heavy gear, industrial trucking, and aviation industries. Our built-in, industry-specific strategy to hosted applied sciences and companies provides options that assist companies massive and small function effectively and develop securely, cost-effectively, and efficiently. Sandhills Global—we’re the cloud.
About the Sandhills Equipment Value Index
The Sandhills Equipment Value Index (EVI) is a principal gauge of the estimated market values of used belongings—each at the moment and over time—throughout the development, agricultural, and industrial trucking industries represented by Sandhills Global marketplaces, together with AuctionTime.com, TractorHouse.com, MachineryTrader.com, TruckPaper.com, and different industry-specific gear platforms. Powered by FleetEvaluator, Sandhills’ proprietary asset valuation software, Sandhills EVI gives helpful insights into the ever-changing supply-and-demand circumstances for every {industry}.
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