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U.S. Used Heavy-Duty Trucks inventory increased 4.82% month over month and 30.23% YOY in April

| May 9, 2023

Sandhills market reports Heavy-duty truck values have been in nearly continual decline since March 2022, and in April

Inventory levels showed another month of increases across Sandhills Global marketplaces for used trucks, trailers, construction equipment, and farm machinery. And in what has become a recurring trend, asking and auction values dropped year over year in most of the equipment categories Sandhills monitors. As an example, the asking value for a typical 4-year-old sleeper truck was around $120,000 in April 2022. By contrast, asking value this April for the typical 4-year-old sleeper was around $80,000, one-third less YOY. Value trends are likely to continue moving lower for heavy-duty trucks into the near future.

U.S. Used Heavy-Duty Trucks •The Sandhills EVI shows heavy-duty truck inventory increased 4.82% month over month and 30.23% YOY in April. •Heavy-duty truck values have been in nearly continual decline since March 2022, and in April, asking values dropped 2.7% M/M and 20.67% YOY. •Auction values also declined, falling 5.36% M/M and 29.89% YOY.
U.S. Used Heavy-Duty Trucks •The Sandhills EVI shows heavy-duty truck inventory increased 4.82% month over month and 30.23% YOY in April. •Heavy-duty truck values have been in nearly continual decline since March 2022, and in April, asking values dropped 2.7% M/M and 20.67% YOY. •Auction values also declined, falling 5.36% M/M and 29.89% YOY.
U.S. Used Semitrailers •April’s semitrailer inventory increases were driven by dry van and reefer semitrailers. The Sandhills EVI expects semitrailer inventory to continue to increase and values to soften going forward. •Semitrailer inventory levels increased 4.66% M/M, extending consecutive months of gains, and were up 43.15% YOY. •Asking values in April were down 1.09% M/M and 22.7% YOY. •Semitrailer auction values decreased 2.17% M/M and 31.83% YOY.
U.S. Used Semitrailers •April’s semitrailer inventory increases were driven by dry van and reefer semitrailers. The Sandhills EVI expects semitrailer inventory to continue to increase and values to soften going forward. •Semitrailer inventory levels increased 4.66% M/M, extending consecutive months of gains, and were up 43.15% YOY. •Asking values in April were down 1.09% M/M and 22.7% YOY. •Semitrailer auction values decreased 2.17% M/M and 31.83% YOY.
U.S. Used Medium-Duty Trucks •Used medium-duty truck inventory has been rising since the start of 2023. In April, inventory levels increased 5.46% M/M and 18.55% YOY. •So far in 2023, medium-duty truck asking and auction values have decreased by 2% to 3% each month. •In April, asking values decreased 2.32% M/M and 9.56% YOY. •Auction values experienced similar drops, declining 2.03% M/M and 13.78% YOY.
U.S. Used Medium-Duty Trucks •Used medium-duty truck inventory has been rising since the start of 2023. In April, inventory levels increased 5.46% M/M and 18.55% YOY. •So far in 2023, medium-duty truck asking and auction values have decreased by 2% to 3% each month. •In April, asking values decreased 2.32% M/M and 9.56% YOY. •Auction values experienced similar drops, declining 2.03% M/M and 13.78% YOY.

The key metric used 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 as well as model year equipment actively in use.

Additional Market Report Takeaways
Sandhills market reports highlight the most significant changes in Sandhills’ used heavy-duty truck, semitrailer, farm machinery, and construction equipment markets. Each report includes detailed analysis and charts that help readers visualize the data. The newest reports examine year-over-year variance in detail, noting changes from April 2022 to April 2023 with an eye to inventory, asking value, and auction value trends.

U.S. Used Heavy-Duty Trucks

  • The Sandhills EVI shows heavy-duty truck inventory increased 4.82% month over month and 30.23% YOY in April.
  • Heavy-duty truck values have been in nearly continual decline since March 2022, and in April, asking values dropped 2.7% M/M and 20.67% YOY.
  • Auction values also declined, falling 5.36% M/M and 29.89% YOY.

U.S. Used Semitrailers

  • April’s semitrailer inventory increases were driven by dry van and reefer semitrailers. The Sandhills EVI expects semitrailer inventory to continue to increase and values to soften going forward.
  • Semitrailer inventory levels increased 4.66% M/M, extending consecutive months of gains, and were up 43.15% YOY.
  • Asking values in April were down 1.09% M/M and 22.7% YOY.
  • Semitrailer auction values decreased 2.17% M/M and 31.83% YOY.

U.S. Used Medium-Duty Trucks

  • Used medium-duty truck inventory has been rising since the start of 2023. In April, inventory levels increased 5.46% M/M and 18.55% YOY.
  • So far in 2023, medium-duty truck asking and auction values have decreased by 2% to 3% each month.
  • In April, asking values decreased 2.32% M/M and 9.56% YOY.
  • Auction values experienced similar drops, declining 2.03% M/M and 13.78% YOY.

Category: Equipment, Featured, General Update, News, Products, Shop Stuff, Vehicles

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