LINCOLN, Neb., Sept. 8, 2022 /PRNewswire/ — Heavy-duty truck stock ranges decreased in August, marking the primary stock decline since February 2022 in line with the most recent market studies from Sandhills Global. “Dealers are continuing to experience delays in fulfilling and delivering their new truck orders,” says AuctionTime Manager Mitch Helman. “Strong demand remains for used heavy-duty trucks.”
The 5% month-to-month drop in heavy-duty truck stock coincided with an increase in public sale values, which elevated 2.4% M/M. Asking values for heavy-duty vehicles continued to slip from the historic highs reached in May 2022. The 3.6% M/M asking worth lower from July to August is not stunning, contemplating that asking values are sometimes slower to react to market adjustments than public sale values.
The key metric utilized in all of Sandhills’ market studies is the Sandhills Equipment Value Index (EVI). Buyers and sellers can use the data within the Sandhills EVI to observe tools markets and maximize returns on acquisition, liquidation, and associated business selections. The Sandhills EVI knowledge embody tools obtainable in public sale and retail markets, in addition to mannequin yr tools actively in use. Regional EVI knowledge is obtainable 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 essentially the most vital adjustments in Sandhills’ used heavy-duty truck, building tools, and farm equipment markets. Each report contains detailed evaluation and charts that assist readers visualize the information. The latest market studies dive into the semi-trailer and medium-duty truck markets, in addition to the tendencies in medium-duty building tools, offering an entire view of tools market tendencies.
U.S. Used Heavy-Duty Truck Market
- Following a 1.7% M/M stock improve from June to July, which was a significantly decrease improve in comparison with prior months, heavy-duty truck stock ranges dropped 5% M/M from July to August. Heavy-duty truck stock was nonetheless up 6.6% year-over-year.
- Auction EVI elevated 2.4% M/M and was up 16% YOY.
- Asking values decreased for the third consecutive month, dipping 3.6% M/M; asking values had been up 30% YOY.
U.S. Used Semi-Trailer Market
- Semi-trailer stock intently follows that of heavy-duty vehicles, with stock ranges lowering 2.5% M/M.
- Auction values decreased for the fifth consecutive month and had been down 3.2% M/M in August. Auction EVI elevated 17% YOY.
- Asking values dropped for the third consecutive month, down 2.9% M/M. Asking EVI elevated 40% YOY.
U.S. Used Medium-Duty Truck Market
- Medium-duty truck stock ranges have remained regular in current months and had been down simply 1.1% M/M in August. Medium-duty truck stock was up 34% YOY.
- Auction EVI was flat M/M and elevated 7.4% YOY.
- Asking EVI decreased 0.6% M/M and elevated 20% YOY.
U.S. Used Heavy-Duty Construction Market
- Inventory continues to slowly climb within the heavy-duty building tools market. August stock ranges had been up 0.75% M/M and down 38% YOY.
- August was the fourth consecutive month of public sale worth decreases. Auction EVI decreased 2% M/M and elevated 7.1% YOY.
- Asking values have additionally been trending down in current months. Asking EVI decreased 0.4% M/M and elevated 6.2% YOY.
U.S. Used Medium-Duty Construction Market
- While stock ranges within the medium-duty building tools market proceed to develop, posting a rise of 5.2% M/M in August, public sale values for this class have been lowering since May 2022.
- In August, public sale values decreased 0.8% M/M and elevated 7.8% YOY.
- Asking values have been slowly lowering in current months. Asking EVI decreased 0.4% M/M and elevated 13% YOY.
U.S. Used Farm Equipment Market
- The leveling-off sample seen in farm tools over the previous few months continued in August with stock ranges lowering simply 0.4% M/M, and down 22% YOY.
- Auction EVI decreased 3.5% M/M and elevated 7.2% YOY.
- Asking EVI continued to pattern upwards in August, rising 4% M/M and seven.7% YOY.
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About Sandhills Global
Sandhills Global is an data processing firm headquartered in Lincoln, Nebraska. Our services and products collect, course of, and distribute data within the type of commerce publications, web sites, and on-line providers that join consumers and sellers throughout the development, agriculture, forestry, oil and fuel, heavy tools, industrial trucking, and aviation industries. Our built-in, industry-specific method to hosted applied sciences and providers affords options that assist companies giant 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 property—each at present 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 tools platforms. Powered by FleetEvaluator, Sandhills’ proprietary asset valuation software, Sandhills EVI gives helpful insights into the ever-changing supply-and-demand situations for every {industry}.
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