Heavy-Duty Truck & Semi-Trailer Markets Shifting Gears

| June 6, 2022

Sandhills Global Market Reports Show third consecutive month of inventory increases for used heavy-duty trucks and semi-trailers

According to the latest Sandhills Global Market Reports, May marked the third consecutive month of inventory increases for used heavy-duty trucks and semi-trailers in Sandhills marketplaces. From April to May, heavy-duty truck inventory was up 17% and semi-trailer inventory was up 20%. Auction values, meanwhile, have dipped, displaying a 4.8% M/M decrease among heavy-duty trucks and a 3.9% M/M drop for semi-trailers. The twin influences of rising inventory and decreasing auction values suggest that asking values are likely to reduce in the near-term.

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. Regional EVI data is available for the United States (and key geographic regions within) and Canada, allowing Sandhills to reflect machine values by location.Chart Takeaways

Sandhills Market Reports highlight the most significant changes in Sandhills’ used heavy-duty truck, construction equipment, and farm machinery markets. Each report includes detailed analysis and charts that help readers visualize the data. The latest reports detail key sub-markets. They show, for example, how trends in used semi-trailers are mirroring trends in used heavy-duty trucks.

U.S. Used Heavy-Duty Trucks & Semi-Trailers

  • The Sandhills EVI shows auction values for used heavy-duty trucks remaining higher than they were in 2021, up 49% year-over-year in May. However, shifting trends in inventory (which was up 17% in May) and recent decreases in auction values strongly suggest a downward trajectory for auction values going forward.
  • In May, the Sandhills EVI showed asking values for used heavy-duty trucks were up 60% YOY, but asking values are showing some signs of turning with only a 1.6% M/M increase.
  • Auction values in the semi-trailer market (which includes drop-deck, dry van, flatbed, and reefer trailers) were up 49% YOY; yet, similar to heavy-duty truck trends, used inventory levels for semi-trailers were up 20% this month.
  • The Sandhills EVI indicates that asking values for semi-trailers were up 2.4% M/M and up 63% YOY in May.

Category: Cab, Trailer & Body, Cab, Trailer & Body New, Equipment, Featured, General Update, News, Products, Vehicles

Comments are closed.