Sandhills Global Market Reports Show Mix of Value Trends at Year End Across Heavy-Duty Truck Markets

Inventory levels for used heavy-duty trucks continued to accelerate in December, increasing 8.79% M/M 

he varied equipment value trends that began in November across Sandhills Global marketplaces continued through December. Used farm equipment asking and auction values remained elevated, surpassing the all-time highs reached just a month before. Heavy-duty truck values persisted in the opposite direction, with asking values down for a seventh consecutive month. Heavy-duty construction equipment value trends hovered between these extremes with both asking and auction values trending sideways in December.

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.

Takeaways

Sandhills market reports highlight the most significant changes in Sandhills’ used farm machinery, heavy-duty truck, 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 December 2021 to December 2022 with an eye to inventory, asking value, and auction value trends.

U.S. Used Heavy-Duty Trucks

• Inventory levels for used heavy-duty trucks continued to accelerate in December, increasing 8.79% M/M and 80.29% YOY.
• Rising used inventory levels contributed strongly to heavy-duty truck asking value declines, which dropped 2.34% M/M. Asking values are still 3.49% higher than December 2021.
• Auction values for heavy-duty trucks have been in decline since April 2022, and in December decreased 5.49% M/M and 13.05% YOY.

U.S. Used Semitrailers

• The Sandhills EVI shows that the used semitrailer inventory, which includes dry van, reefer, flatbed, and drop-deck semitrailers, increased 2.62% M/M; upward trends were also seen in YOY variance with inventory levels up 43.04% from December 2021.
• Used semitrailer asking values trended down in December, decreasing 3.24% M/M and 4.38% YOY. Prior to December, it had been two years since asking values decreased on a YOY basis.
• Auction values dropped 2.65% M/M and have now displayed consecutive months of decreases. Semitrailer auction values were also down 19.68% YOY.

U.S. Used Medium-Duty Trucks

• Used medium-duty truck inventory is trending upward; levels increased 5.28% M/M and 69.39% YOY in December.
• Asking values held steady from November to December and were up 5.72% YOY.
• Auction values for medium-duty trucks have trended down in recent months. The Sandhills EVI indicates auction values decreased 2.11% M/M and 6.54% YOY.

Category: Equipment, Featured, General Update, News, Vehicles