Inventory Levels Show Signs of Life in Certain Truck Segments

Trucks in the 0- to 5-year age group showed a 6% increase in February compared to January, signaling that production of new equipment may be driving late-model equipment to the used market

The latest Sandhills Global Market Reports point to inventory level improvements within certain age groups in Sandhills’ truck and construction equipment marketplaces. Inventory levels among late-model trucks and construction equipment aged 10 to 25 years posted increases.

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. For 2022, Sandhills has enhanced its EVI with new metrics. The data now includes model year equipment actively in use, which grows the used equipment population beyond that available in auction and retail markets. New EVI data, already available for the United States, is also now available for Canada to better reflect machine values by location. The enhanced version of Sandhills EVI requires Sandhills to restate the values starting in January 2022, so prior numbers will not be comparable to the new, more insightful values.

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 current reports include charts showing year-over-year and M/M inventory levels overall and by age group across all three markets.

U.S. Used Heavy-Duty Trucks

• Overall heavy-duty truck inventory remained fairly flat M/M for the fourth month in a row following a steady decline that began in April 2020.
• Inventory was down 52.7% YOY in February 2022 compared to February 2021, which marked a nearly 6-percentage-point improvement over January 2022. An upswing in late-model truck inventory levels drove that change.
• Specifically, trucks in the 0- to 5-year age group showed a 6% increase in February compared to January, signaling that production of new equipment may be driving late-model equipment to the used market.

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