Market Insights from Sandhills Global
In the used truck and trailer markets, day cabs are facing the most challenging conditions, according to Scott Lubischer, Manager at Truck Paper. He notes that inventory levels are aging and urges dealers to make necessary price adjustments reflecting the current market situation.
From the perspective of the used farm equipment market, Ryan Dolezal, Manager at TractorHouse, indicates that as the year-end approaches, sales are beginning to rise, instilling some optimism. However, he emphasizes that sales remain slower than in previous years, making competitive pricing essential.
Understanding the Sandhills Equipment Value Index (EVI)
The Sandhills Equipment Value Index (EVI) serves as a vital tool for buyers and sellers to track equipment markets effectively. This index helps parties maximize their returns on acquisition, liquidation, and related business choices. The EVI incorporates data from auction and retail markets, as well as information on model-year equipment still in operation. The EVI spread measures the difference between asking prices and auction values.
Current Market Reports Overview
Sandhills market reports provide insights into significant changes within various sectors, including used heavy-duty trucks, semi-trailers, farm machinery, and construction equipment. Key findings from the latest reports are summarized below, with full reports available on request.
U.S. Used Heavy-Duty Trucks
In November, inventory levels dropped by 3.63% month-over-month (M/M) and 11.84% year-over-year (YOY). Day cab trucks saw the most significant decrease at 9.97% M/M and 22.64% YOY. While asking values fell by 1.54% M/M, they remained relatively stable compared to the previous year, with only a 0.08% decline.
U.S. Used Semi-Trailers and Medium-Duty Trucks
Inventory levels for used semi-trailers were nearly unchanged in November, with a minor decrease of 0.04% M/M, but a notable 10.17% decrease YOY. In contrast, medium-duty truck inventories fell by 3.75% M/M and 5.89% YOY. Asking values in the medium-duty truck segment increased slightly, by 1.58% M/M, though they have been in a longer-term downward trend.
Additional Equipment Markets
For used tractors of 100 horsepower and above, inventory continued to decline, falling 3.37% M/M and 14.64% YOY. Auction values saw a slight uptick of 0.11% M/M despite a 3.78% YOY decrease. The market for used combines also displayed mixed trends; while inventory levels fell, asking prices stabilized.
Contact Sandhills Global
For further details or to access comprehensive analyses, reach out to Sandhills Global at [email protected].
About Sandhills Global
Headquartered in Lincoln, Nebraska, Sandhills Global specializes in gathering and distributing market information through various publications and platforms that connect buyers and sellers in industries such as construction, agriculture, and trucking. Their innovative solutions are designed to foster business growth and operational efficiency.
