Used Truck Inventory Displays Largest Month-to-Month Increase Since Q3 2018

March inventory levels for used heavy-duty trucks were up 10 percentage points from February, according to the latest Sandhills Global Market Report

March inventory levels for used heavy-duty trucks were up 10 percentage points from February, according to the latest Sandhills Global Market Report examining heavy-duty truck trends. The month-to-month inventory increase was the largest in the used truck market since Q3 2018, a point in time where inventory levels began steadily increasing after a protracted 13-month decline. Trucks in the 0- to 5-year (up 17.2% M/M) and 5- to 10-year (up 7.7% M/M) age groups were the primary drivers of change, signaling that new truck production and fulfilled orders may be impacting the used truck market. Inventory levels in the construction and farm equipment markets were down across most age groups.

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. Sandhills EVI data is available for both the United States 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 following charts display historical asking and auction values for each market, as well as overall inventory levels and age-group breakdowns, to paint a picture of recent supply and demand trends.

U.S. Used Heavy-Duty Trucks

• Auction values for used sleeper trucks are up 60.4% year-over-year; asking values are up 55.1% YOY, according to the Sandhills EVI.
• Heavy-duty truck inventory levels were trending flat in four straight months before March’s upswing. In February, inventory levels were down 52.7% YOY, and inventory levels in March (down 42.7% YOY) mark a 10-percentage point improvement.
• The 17.2% M/M inventory level increase in the 0- to 5-year age group played a big part in boosting overall heavy-duty truck inventory levels.

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